The government passed on to the British people and ordinary citizens.

(1)the English and the commonplace of the Government of Hong Kong.
(2)○ Decline of COFIX to Min-eui
(3)a noisy storytelling economy
(4)Input 2023 12330601 Modification 2023 12313231323
(5)Despite the 7th consecutive rise in the benchmark interest rate, COFIX is due to the government’s influence to suppress the rise in falling deposit rates.
(6)”What’s the difference from the CD rate 13 years ago?”

(1)It replaced CD interest rates in the past and introduced COFIX.
(2)It has been 13 years, but critics say the CD rate is still unchanged. Until 2010, banks calculated loan rates based on the index, but there was a problem that banks were attracted to market manipulation rather than market conditions. In order to expand the loan-deposit margin, COFIX was introduced instead after criticism was raised that the banking sector intentionally maintained high CD interest rates, but this time, the authorities, not banks, are trying to manipulate the indicators.

(1)Focus on deposits and installment savings in the process of lowering COFIX
(2)There are also complaints that they did not take into account the damage to ordinary people who form assets as a result. When the authorities began to intervene, the regular deposit rates of the five major commercial banks, which reached the fifth generation, fell to the third generation. In the case of savings banks, the highest interest rate is in the early 5s, said Park 32, an office worker. “When interest rates are low, you can’t save. When interest rates are high, the government can’t save because it suppresses interest rates. Isn’t it like passing on the interest costs of young people to the poor?”