Tag: HKMA’s
Hong Kong – HKMA’s Response to US Fed’s Interest Rate Decision
HKMA’s Response to US Fed’s Interest Rate Decision ************************************************** The following is issued on behalf of the Hong Kong Monetary Authority: The Federal Open Market Committee of the United States Federal Reserve (the Fed) announced early today (Hong Kong time) after its two-day meeting that it had decided to keep the target range for the federal funds rate unchanged at 5.25-5.5 per cent. The Fed’s future interest rate decisions will be dependent on incoming data, the evolving outlook and the balance of risks. The dot plot released after the meeting indicated that the Fed might cut rates three times ... Read more