Group 1 - The Federal Reserve has maintained the federal funds rate target range at 4.25-4.5%, aligning with market expectations [1] - There is significant uncertainty regarding the future pace and magnitude of interest rate cuts by the Federal Reserve, which will depend on U.S. inflation and employment data [1] - The Hong Kong Monetary Authority (HKMA) noted that the local interest rate environment may change due to various factors, and residents should consider the potential for rising Hong Kong dollar interest rates when making financial decisions [1] Group 2 - The interest rate differential between Hong Kong and the U.S. remains attractive for carry trades, keeping the Hong Kong dollar close to the 7.85 level [2] - Recent demand for Hong Kong dollar liquidity related to stock investments has provided some support for the currency [2] - Future considerations include changes in Hong Kong dollar supply and demand, uncertainties surrounding U.S. monetary policy, and global financial market conditions, which may trigger the "weak side convertibility guarantee" again [2]
香港金管局：美联储未来减息步伐有待观察 香港利率环境或存变数
Zhi Tong Cai Jing·2025-07-31 05:53