Citi released a research report saying that the Federal Reserve raised interest rates by 25 basis points yesterday, raising the federal funds rate target range to 3.75 percent to 4 percent. The median bitmap shows that there is still one 25 basis point rate hike this year; the forward curve is expected to raise interest rates 3 more times before the end of 2027, and the terminal interest rate is expected to reach 4.5% to 4.75%. The bank believes that the gradual interest rate hike by the Federal Reserve is slightly positive for the Bank of Hong Kong's profits, and BOCHK Hong Kong is the bank's first choice for Hong Kong bank stocks.

Citi released a research report saying that the Federal Reserve raised interest rates by 25 basis points yesterday, raising the federal funds rate target range to 3.75 percent to 4 percent. The median bitmap shows that there is still one 25 basis point rate hike this year; the forward curve is expected to raise interest rates 3 more times before the end of 2027, and the terminal interest rate is expected to reach 4.5% to 4.75%. The bank believes that the gradual interest rate hike by the Federal Reserve is slightly positive for the Bank of Hong Kong's profits, and BOCHK Hong Kong is the bank's first choice for Hong Kong bank stocks.