Hong Kong analysts expect one last Fed rate increase in 2023, but are divided if HSBC and peers will raise prime rates

By Enoch Yiu

Analysts are unanimous on another US rate increase this week. Most of them say it would likely be the last in the current tightening cycle. They are equally split on whether HSBC and its peers will raise their prime rates.

Source: Hong Kong analysts expect one last Fed rate increase in 2023, but are divided if HSBC and peers will raise prime rates