Yu Weiwen, President of the Hong Kong HKMA believes that the US interest rate hike cycle has not ended, and the interest rate of Hong Kong is expected to remain at a high level.
According to Ming Pao, Yu Weiten said on Thursday (February 2) that the US interest rate hike seemed to be further eased, but the pace was unclear. The interest rate hike period may continue. We must wait and see the future economy and inflation data.
Yu Weifeen said that the economic trend does not change, and the Federal Reserve can not see the signs of U -cutting interest rate reduction. I believe that the high -interest environment will continue this year.In addition, under the Lianhui system, Hong Kong will continue to maintain a higher level of interest.
Yu Weifeen said that the US interest rate hike will not affect the stability of Hong Kong's currency finance. Although the global economy or decline in the next year, mainland China has been open, and it is expected to further recover the Hong Kong tourism industry.
The Federal Reserve announced on Wednesday (1st) local time that the federal fund's interest rate target range raised 25 basis points to 4.5%to 4.75%.EssenceThe Hong Kong Financial Authority announced on Thursday that the basic interest rate was raised to 5%, which took effect immediately.
