香港金管局下调基本利率至4.25%

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) has lowered the base rate to 4.25% effective immediately, following a reduction in the U.S. federal funds rate [1] Group 1: Interest Rate Adjustment - The base rate is set based on two data points: the lower limit of the current U.S. federal funds rate target range plus 50 basis points, or the average of the 5-day moving average of overnight and one-month Hong Kong Interbank Offered Rate (HIBOR), whichever is higher [1] - The U.S. Federal Reserve reduced the federal funds rate target range by 25 basis points, making the lower limit plus 50 basis points equal to 4.25%, while the average of the 5-day moving average of HIBOR is 3.21% [1] Group 2: Economic Implications - The HKMA's president, Eddie Yue, indicated that the uncertainty regarding future U.S. rate cuts will impact the interest rate environment in Hong Kong [1] - The Hong Kong residential property market has remained stable over the past six months, but it is influenced by various factors including the economy, employment, and supply-demand dynamics [1] - If the U.S. continues to lower rates, the HIBOR in Hong Kong will gradually decline under the linked exchange rate system, potentially having a positive effect on the economy and the real estate market [1]