Hong Kong Monetary Authority: US Entering Rate Cut Cycle Will Not Affect Hong Kong Financial and Monetary Stability
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September 19, 2024
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ChainCatcher reports that Eddie Lee, Deputy Chief Executive of the Hong Kong Monetary Authority, commented on July 19th that the US Federal Reserve's rate hike cycle, which began in March 2022, has resulted in a total increase of 525 basis points by July 2023. After a period of fluctuation, US inflation has largely stabilized, and recent labor market data shows signs of slowing down. Therefore, the Fed's decision to cut interest rates by 50 basis points aligns with market expectations. (JinShi)
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