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Eddie Yue: US Rate Cut Pace May Change; Interest Rates at Relatively High Lv in Foreseeable Future
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Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, said that the US Federal Reserve's announcement of a 0.25% rate cut aligned with market expectations. However, the dot plot's downward revision of next year's rate cut expectations indicated that there is still uncertainty in the pace and extent of US rate cuts depending on the trajectory of US economic data. In terms of Hong Kong, Yue noted that banks will assess whether to adjust deposit and lending rates based on funding supply and demand in the interbank market, the level of interbank rates, and funding cost structures. Yue also cautioned that interest rates will remain at relatively high levels with significant uncertainty for the foreseeable future. It is important to carefully manage risks when it comes to property purchases and mortgages. AAStocks Financial News |
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