Richard Yu: The Hong Kong dollar interest rates remain at a relatively high level in the short term

The President of the Hong Kong Monetary Authority, Richard Yu, stated that the Hong Kong dollar interest rates remain at a relatively high level in the short term, influenced by seasonal factors and capital market activities. The Federal Reserve's interest rate cuts and economic measures in the mainland have a positive effect on the Hong Kong economy, but the outlook still faces geopolitical uncertainties. Citizens should manage risks cautiously when purchasing property, taking out mortgages, or borrowing, and the Monetary Authority will continue to monitor market changes and support financing for small and medium-sized enterprises