The Hong Kong HKMA believes that the end of the US interest rate hike cycle is still to be determined, reminding citizens to be careful about interest rate risks.
According to the Hong Kong News Agency, the Federal Reserve Commission announced on Wednesday (September 20) that the maintenance interest rate was unchanged. In response, the Hong Kong HKMA said that the interest decision was roughly in line with market expectations.
The Hong Kong HKMA said that the operation of the financial and currency market in Hong Kong continued to maintain smoothness, the exchange rate of the Hong Kong dollar remained stable, and the Hong Kong dollar interest rates may still be at a high level in the future.
The HKMA reminds that when Hong Kong citizens make a property, mortgage or other borrowing decisions, they should carefully consider and manage the risk of interest rates.The HKMA will continue to closely monitor market changes and maintain the stability of currency and financial.
The Federal Public Marketing Committee (FOMC) announced on Wednesday that the level of interest rate targets for federal fund interest rates is unchanged at a level of 5.25%to 5.5%, which is generally expected.Bloomberg reports that due to the strong economic and labor market, Fed officials have a decline in the expected policies of next year's loose policy than before.
