SGDHKD SGD/HKD
- 5.8142
- +0.0030+0.05%
SGD/HKD News
Kai-Tong Macro: Singaporean Monetary Authority's economic outlook supports monetary policy easing in October.
On July 26th, Grace Finance | Shivaan Tandon, emerging Asia economist at Capital Economics, said that the slightly moderate statement made by the Monetary Authority of Singapore (MAS) in its July meeting has given Capital Economics more confidence that MAS may relax its policy in October. Tandon said that MAS now appears to have eased its concerns about inflation, as it has made adjustments to its statements in July and April. He also said that MAS did not provide any important clues about its next steps, but seems more confident about the inflation outlook. In addition, MAS may lower the nominal effective exchange rate range for the Singapore dollar.
Express News | The Monetary Authority of Singapore maintains its monetary policy unchanged for the fifth consecutive time.
Hong Kong Inflation Modest in June
Express News | Dutch International: CPI cooling is not enough to prompt the Monetary Authority of Singapore to take action.
Hong Kong's Consumer Prices Rise 1.5% in June
In June, Hong Kong's composite CPI was up 1.5% year-on-year, higher than expected.
On July 22, Gelunhui reported that Hong Kong's June composite CPI increased by 1.5% on a yearly basis, exceeding the expected 1.20% and the previous value of 1.20%.
The highest 6-month fixed deposit rate for Hong Kong dollars has broken the record again at 4.39%, earning HKD 21,950 in interest for a 1 million 6-month deposit.
On July 21st, according to Hong Kong Economic Times, in the second half of July, a total of 6 banks lowered their HKD fixed deposit interest rates (an increase of 5 from last week), namely Citibank, HSBC, Metropole, PAObank, Mox, and CCB.
Hong Kong Monetary Authority: the composite interest rate at the end of June was 2.62%, up 1 basis point from the previous month.
On July 18th, the Hong Kong Monetary Authority announced the composite interest rate as of the end of June 2024.
Hong Kong's Unemployment Rate Remains Consistent in April-June
Short-term Hong Kong dollar interbank rates rise, overnight interbank rates rise to 4.48%, reaching a new high in nearly a week.
On July 16th, the short term interbank rates for Hong Kong dollars increased, but long term rates remained soft. Among them, overnight rates rose slightly by 4 basis points to a new high of 4.48131% in the past week.
Interest rates for Hong Kong dollars vary, with a one-month borrowing rate of 4.6%.
On July 15th, individual developments occurred in the Hong Kong interbank interest rates this morning, with the overnight rate slightly down to 4.44119%, while the one-month interbank rate related to property remained at 4.6%.
Hong Kong's Q2 Growth Seen to Contract to 2%, Survey Says; PMI Shrinks to Lowest Since September
Hong Kong Dollar Rally Seen Peaking in July After Dividend Boost
Express News | Hong Kong's official forex reserves at the end of June amounted to $416.3 billion in assets.
Hong Kong dollar interest rates generally fell, with one-month interest rates falling for six consecutive months.
On July 4th, the Hong Kong dollar interbank rate generally decreased, but the overnight interest rate reached 5.13833%, a new high in over two months.
CICC: Hong Kong's external demand continues to improve in the first quarter, but the real estate market is difficult to reach a major turning point.
China International Capital Corporation states that the short-term stimulating effect of policies on the demand side of the Hong Kong property market is gradually emerging, but it is difficult to say whether there will be a major turning point in the current cycle when considering all factors.
Hong Kong Dollar interbank rates fell below 4.5% for the week, with interbank rates for one month falling for the fifth consecutive time.
On July 3rd, the Hong Kong dollar interbank rates continued to be soft. Among them, the overnight interbank rates fell slightly by 4.25738%, reaching a new low of over a week. The one-week interbank rates lost the 4.5% mark and reported 4.4419%, the lowest since June 21st.
Express News | Edward Yau: Hong Kong's economy is expected to grow by 2.5% to 3.5% in 2024.
As of the end of May, Hong Kong's forex reserves reached $404.697 billion, according to the Hong Kong Monetary Authority.
As of the end of May 2024, the official reserves of Hong Kong amounted to $417.24 billion, of which foreign exchange reserves (freely convertible foreign currencies) amounted to $404.697 billion and other foreign currency assets amounted to $38.545 billion.
The Hong Kong Dollar interbank interest rate has remained soft, with the one-week interbank interest rate falling below 5%.
On June 27th, although the mid-year is approaching, the Hong Kong dollar interbank interest rate remains soft. Among them, the overnight interest rate slightly fell to 4.26583%, and the one-week interbank interest rate lost the 5% mark.