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

The Hong Kong Monetary Authority responded to the decision of the Federal Reserve to maintain interest rates unchanged, which was in line with market expectations. Currently, the interest rate differential between Hong Kong and the United States remains attractive for carry trades, which has kept the Hong Kong dollar close to the level of 7.85. However, there has been strong demand for Hong Kong dollar funds related to stock investments recently, providing some support for the Hong Kong dollar. Depending on changes in the supply and demand of Hong Kong dollar funds, as well as other uncertainties such as the Federal Reserve's monetary policy and interest rate trends, the sentiment in the stock investment market, and global financial market trends, the downside exchange rate protection mechanism may be triggered again. At that time, the Hong Kong Monetary Authority will buy Hong Kong dollars and sell US dollars according to the Linked Exchange Rate System, leading to a corresponding decrease in the total balance of the banking system, while Hong Kong dollar interbank rates will gradually rise. The extent and pace of future interest rate cuts in the United States are highly uncertain, and Hong Kong's interest rate environment may also change due to the various aforementioned variables. When making decisions about property purchases, investments, or borrowing, citizens should consider the possibility of Hong Kong dollar interest rate increases and manage related risks. The Hong Kong Monetary Authority will continue to closely monitor market changes and maintain monetary and financial stability.