All 10 economists polled by the Post predicted the prime rate will rise in 2023 by up to 1 percentage point. Photo: Bloomberg
All 10 economists polled by the Post predicted the prime rate will rise in 2023 by up to 1 percentage point. Photo: Bloomberg

Hong Kong banks will raise their lending rates further in 2023 as Fed seeks to tame runaway US inflation, analysts say

  • All 10 economists polled by the Post predicted the prime rate will rise in 2023 by up to 1 percentage point
  • If their forecasts are right, the prime rate could hit 6.875 per cent per annum, a level last seen in late 2007

All 10 economists polled by the Post predicted the prime rate will rise in 2023 by up to 1 percentage point. Photo: Bloomberg
All 10 economists polled by the Post predicted the prime rate will rise in 2023 by up to 1 percentage point. Photo: Bloomberg
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