香港金管局跟随美联储降息，基本利率调至4.25%

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) has raised the base interest rate to 4.25% following the U.S. Federal Reserve's decision to lower the federal funds rate by 25 basis points, marking the second consecutive rate cut by the Fed [1][2] Group 1: Interest Rate Changes - The HKMA's decision aligns with market expectations following the Fed's cumulative rate cut of 150 basis points since September of the previous year [1] - The base interest rate in Hong Kong is calculated based on a preset formula to maintain stability in the linked exchange rate system with the U.S. dollar [1] Group 2: Market Conditions - The HKMA president noted that the currency and financial markets in Hong Kong are currently operating smoothly, with the Hong Kong dollar interbank offered rate closely aligned with the U.S. dollar interbank offered rate [2] - Local banks will consider various factors, including interbank market supply and demand, to determine whether to adjust their lending and deposit rates [2] Group 3: Future Outlook - There is uncertainty regarding future U.S. monetary policy, with the Fed indicating no preset path for interest rate decisions and noting slight inflation increases alongside a weak job market [2] - Market expectations for another rate cut in December have decreased to between 60% and 70% [2] - If the U.S. continues to lower rates, the Hong Kong interbank offered rate is expected to decline slowly, potentially benefiting the local economy and real estate market [2]