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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Ron Bower who wrote (2176)	8/27/1998 4:15:00 PM
From: Tom	Read Replies (1) \| Respond to of 2951

Ron: Yes, across the board. Time deposits correlate better, however, w/ moves in the BLR (Best Lending Rate), which is around 10%. A fall in the BLR will normally influence the deposit rates in the same direction, but not always. Too, beyond 7 days the banks themselves have more freedom setting deposit rates, i.e. it's more competitive. Hong Kongers have been hot on their trail within the past year about what they deem an unacceptable spread between interbank and BLR / mortgage rates. Sort of suspicious when interbank rates peak and the lending rates don't come back down for another 30 days. Help a little?