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HKMA Eddie Yue: Uncertainty Lingers in U.S. Interest Rate Direction
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The U.S. Federal Reserve's 0.25% rate cut broadly aligned with street consensus, said Eddie Yue, Chief Executive at Hong Kong Monetary Authority (HKMA). The rate cut cycle, which began last September, has amassed a total reduction of 1.75%. The dot plot indicated a potential 25-bp cut next year, but uncertainty lingers regarding the future direction of U.S. interest rates. The HKMA advised citizens should carefully assess their financial situation and risk tolerance when considering property purchases, investments, or borrowing decisions. Yue noted that Hong Kong's monetary and financial markets continue to operate orderly, with HIBOR closely conformed with U.S. interest rates. The HKMA will keep a close tab on market conditions to maintain monetary and financial stability in Hong Kong. While the rate cut has a positive impact on Hong Kong's real estate market and economy, interest rates are just one of the influencing factors. AASTOCKS Financial News Website: www.aastocks.com |
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