Hong Kong Monetary Authority responds to the Federal Reserve's interest rate decision: The future trend of Hong Kong dollar interest rates remains uncertain

On August 1st, the Hong Kong Monetary Authority issued a statement that the Federal Reserve announced to maintain the target range for the federal funds rate at 5.25-5.5% after a two-day meeting. In response, the Hong Kong Monetary Authority stated that the financial and monetary markets in Hong Kong continue to operate smoothly, and the Hong Kong dollar exchange rate remains stable. The Hong Kong dollar interbank rates are currently at a relatively high level, and the future interest rate trend is still uncertain. When making decisions on property purchases, mortgages, or other loans, citizens should carefully consider and manage interest rate risks. The Hong Kong Monetary Authority will continue to closely monitor market changes to maintain monetary and financial stability. The Hong Kong Monetary Authority stated that the Federal Reserve's future interest rate decisions will depend on economic data, outlook, and various risks. Recent easing of inflation pressures in the United States has led to market expectations of a possible start to an interest rate cut cycle. According to public statements from the Federal Reserve, the earliest rate cut may take place at the meeting in September. However, there are still uncertainties about whether the pace of rate cuts will meet market expectations