HSBC: Rate cuts likely to start in fourth quarter

Apr 26, 2024 12:26 am

INTEREST rate cuts will likely only start in the fourth quarter with inflation still to settle firmly within target, the research arm of banking giant HSBC said.

'The easing cycle may be delayed, but we don't think there will be any rate hikes ahead with nonmonetary policies at work,' HSBC Global Research economist Aris Dacanay said in a report on Thursday.

HSBC Global Research economist Aris Dacanay

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