Following the recent rate cut, Hong Kong lenders are cautiously easing household lending as they navigate a recovery that remains uneven and filled with mixed signals, according to credit reference agency TransUnion.
In response to the US Federal Reserve’s latest cut, the Hong Kong Monetary Authority – the city’s de facto central bank – reduced its base rate to 4.25 per cent in October, its second decrease this year.
That has prompted major banks to lower their prime rates and reduce borrowing…