Hong Kong Monetary Authority: The decision of the Federal Reserve to maintain interest rates unchanged is in line with market expectations.

On June 18, the Hong Kong Monetary Authority responded to the Federal Reserve's interest rate decision, stating that the decision to maintain interest rates was in line with market expectations. The Federal Reserve announced in the early morning Hong Kong time today that it would maintain its federal funds rate target range at 3.50-3.75%. The statement issued after the meeting indicated that inflation is still at a relatively high level, reflecting the committee's concerns about the inflation outlook. In Hong Kong, the currency and financial markets continue to operate in an orderly manner. The Hong Kong dollar interbank rates generally track the US dollar interest rates under the linked exchange rate system, while shorter-term interbank rates are also influenced by local market demand and supply for Hong Kong dollars, such as seasonal factors and capital market activities. Changes in US interest rates will depend on inflation trends, the employment market, and other economic data, which will also have an impact on Hong Kong's interest rate environment. When making decisions on property purchases, investments, or loans, citizens need to fully consider and manage interest rate risks. The Hong Kong Monetary Authority will continue to closely monitor market changes and maintain monetary and financial stability.