The Hong Kong Monetary Bureaus first interest rate reduction in four years

Following the pace of interest rate cuts at the Federal Reserve, the Hong Kong Financial Administration also announced that the basic interest rate was 0.5 percentage points on Thursday (September 19).This is the first time that the Hong Kong HKMA has cut interest rates in the past four years.

Comprehensive Ming Pao and Bloomberg reported that after the Fed announced 50 basis points at 50 basis points, the Hong Kong HKMA also announced that according to the preset formulaEffective.This is the first time that the HKMA has lowered the benchmark interest rate since 2020.This may help relax the borrowing environment in Hong Kong.

According to the official website of the HKMA's official website, the basic interest rate is the basic interest rate for the discount rate applicable to repurchase trading when calculating the discount window.At present, the basic interest rate is scheduled to increase the lower limit of the current US Federal Fund interest rate target range, or the average of the five -day movement average of the five -day movement of the Hong Kong bank interbank interbank overnight and one month is prevailing.

In response to the target range of the federal fund interest rate at 50 base points in response to the US federal fund interest rate target range at the target range of the US federal fund interest rate on September 18 (US time).The average five -day movement average of the five -day movement of the Hong Kong Bank of Hong Kong is 3.21%, so according to the preset formula, the basic interest rate is set at 5.25%.

According to the Radio of Hong Kong, Chen Maobo, the director of the Hong Kong Financial Secretary, said in an interview on Thursday that it can be expected that the interest rate trend of Hong Kong will approach the US interest rate trend, but the speed and amplitude of the interest rate adjustment of Hong Kong, except depending on depending on the depending of depending on the same depending on the depending on the depending on the depending on the depending on the depending of attentionThe US factor also depends on the flow of capital and market conditions, and it is not necessarily a step -by -step.