Hong Kong Monetary Authority: Hong Kong interest rates may remain at a relatively high level for the foreseeable future

ChainCatcher message, the Hong Kong Monetary Authority stated that the operation of Hong Kong's financial and monetary markets remains smooth, with stable market liquidity and a stable Hong Kong dollar exchange rate. The Hong Kong dollar interbank offered rate is generally approaching the US dollar interest rate under the linked exchange rate system, while shorter-term interbank rates are also influenced by local market supply and demand for Hong Kong dollars, such as seasonal factors and capital market activities. It is expected that Hong Kong interest rates may remain at a relatively high level for the foreseeable future, while there is considerable uncertainty regarding the magnitude and pace of future interest rate cuts in the United States. The Monetary Authority will continue to closely monitor market changes to maintain monetary and financial stability.