HK companies look poised to benefit from US rate cut

Rthk.hk
Hang Seng Bank senior advisor George Leung on Saturday said he hopes to see an upturn in the here economy now that the US central bank, the Federal Reserve, looks set to begin a cycle of interest rate cuts.

“The forecasted rate cuts, I believe, will help alleviate pressure on SME [small and medium enterprise] interest payments and this will have a relatively large impact when it comes to boosting the economy,” he said on a radio programme…
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