After the Fed announced the 25 base points of interest rate hikes, the Hong Kong HKMA also raised its basic interest rates accordingly, and reminded the public to manage the risk of interest rates.
The Hong Kong Financial Management Bureau announced on the website on Thursday (March 23) that the basic interest rate of the existing window has been raised according to the established mechanism to 5.25%, and it takes effect immediately.
The Hong Kong HKMA said that the interest rate hikes of the Fed decided to meet market expectations.However, in the future, the US interest rate trend will continue to have great uncertainty.The impact of continuous interest rate hikes on the US economy and inflation in the past year has yet to be observed. Recently, the problem of fiscal conditions and liquidity of individual American banks may cause credit tightening. Whether it will further affect economic activities and control monetary policy. It remains to be evaluated.
The Hong Kong HKMA stated that despite the fluctuations in the market conditions, Hong Kong's financial and currency market operations continued to maintain smoothness.The contact rate system.The HKMA will closely monitor market changes and maintain the stability of currency and financial.
The Hong Kong Financial Management Bureau said that the Hong Kong dollar interest rate may still be at a high level in the future.Therefore, citizens must prepare for the fluctuation of bank loan interest rates, and carefully consider and manage interest rate risks when buying a business, mortgage or other lending.
The Federal Reserve Commission announced on Wednesday (March 22) that the federal fund target range raised 25 basis points to between 4.75%and 5%, and the interest rate rose to the highest level since September 2007.
