, Hong Kong
Photo by Ryan Mac from Unsplash

HKMA warns of longer period of high HK dollar interbank rates 

The central bank said it remains 'uncertain' when the US Fed will cut rates.

The Hong Kong Monetary Authority (HKMA) said Hong Kong dollar interbank rates might remain high for some time.

The central bank issued the statement after the US Fed decided to keep the target range for the federal funds rate unchanged at 5.25% to 5.5%.

"The Fed’s future interest rate decisions will be based on incoming data, the evolving outlook, and the balance of risks.  It is still uncertain when the Fed will begin to cut rates and the high interest rate environment may last longer," the HKMA said.

HKMA advised the public to assess and manage risks when making property purchases, mortgages, or other borrowing decisions. 

Join Hong Kong Business community


 

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

HK employers face rising benefit costs, financial strain: report
Mental health, health benefits, and financial wellbeing are the three areas most employers in the region are planning to enhance over the next three years.
Commercial floors at 382 Lockhart Road up for sale
The indicative price is set at $398M, or approximately $8,405 per square foot.
Hong Kong logistics rental softens in H1
Tenants’ adjustment and tariff risks dragged rental prices and activities.