Company: HBCYF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0001089113-25-000046
Chunk: 44

Company: HSBC HOLDINGS PLC
Filing Date: 2025-04-29
Form: 6-K
Chunk 44
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28.0 | -1Q30 |    8.9 | -1Q30 | 28.5 | -1Q30 |   15.5 | -1Q30 |
| Unemployment rate(%, min)2                       |  3.5 | -1Q27 |  3.7 | -4Q25 |       2.5 | -1Q27 |           4.7 | -1Q27 |    6.7 | -1Q27 |  1.2 | -3Q25 |    3.2 | -2Q25 |
| House price index(%, start-to-peak)1             | 20.2 | -1Q30 | 24.0 | -1Q30 |      45.2 | -1Q30 |          10.6 | -1Q30 |   22.2 | -1Q30 | 25.6 | -1Q30 |   29.4 | -1Q30 |
| Inflation rate(YoY % change, min)3               |  1.4 | -2Q26 |  2.0 | -3Q26 |       0.1 | -1Q26 |           0.1 | -3Q25 |    0.3 | -1Q26 |  0.1 | -4Q25 |    2.3 | -2Q26 |
| Central bank policy rate(%, min)2                |  3.5 | -1Q26 |  3.6 | -1Q26 |       4.0 | -1Q26 |           2.6 | -2Q26 |    1.5 | -4Q25 |  3.7 | -1Q26 |    6.8 | -4Q25 |

1 Cumulative change to the highest level of the series during the 20-quarter projection. 2 Lowest projected unemployment or policy rate in the scenario. For mainland China, the rate shown is the Loan Prime Rate. 3 Lowest projected year-on-year percentage change in inflation in the scenario.

| 44 | HSBC Holdings plcEarnings Release 1Q25 on Form 6-K |

Earnings Release – 1Q25

| Consensus Upside scenario 2025–2029 (as at 4Q24) |      |       |