Morgan Stanley: Rate cut effects are slowly fermenting, expecting first-hand transactions in Hong Kong's property market to increase by more than 1.8 times to over 2,000 in October.
Tony Yau, CEO of the Residential Division of Colliers International, stated that although the Hong Kong property market did not see a rapid warming after the interest rate cut, the recent sudden introduction of a combination of measures by the central government to boost the property and stock markets, along with Hong Kong's latest new low in the housing affordability ratio in over 8 years, as well as the gradual effects of the interest rate cut fermenting in the property market, it is expected that there will be ample opportunities for improvement in property trading in October.
Swiss Central Bank Makes Dovish 25bps Rate Cut; More to Come, Notes ING
The Swiss National Bank persists in steadily lowering interest rates to curb the strength of the Swiss franc.
The Swiss National Bank has lowered the policy interest rate by 0.25 percentage points to 1.0% to address the easing of Swiss inflationary pressures. The central bank also warns that if necessary, more measures will be taken to curb the strength of the Swiss franc.
The Swiss National Bank announced the third interest rate cut this year, indicating that there may be further rate cuts in the future.
Considering the steady decline in inflation, the Swiss National Bank announced a 25 basis point rate cut to 1%, and lowered its inflation expectations for the next three years, stating that it would intervene in the forex market when necessary.
Swiss Central Bank Delivers Third Straight Rate Cut -- Update
SNB Lowers Sight Deposit Rate by 25 Bps 1.0%, as Expected