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07/12/2022 - 8:10am Business and Market Discussion
Stewart Aldcroft, Asian Fund Management Industry Consultant, predicts that interest rates are likely to increase by at least 50 basis points next week, similar to what the federal reserve predicts.
Raymond Yeung, Greater China Chief Economist at ANZ, suggests that President Xi may likely have some agreement with Saudi Arabia for oil, ahead of the visit this week.
RTHK’s International Economics Correspondent, Barry Wood, reports that the housing markets in the US are the primary victims of high interest rates, but he is surprised the sector is still holding strong.