Hong Kong Monetary Authority: The US has entered a cycle of interest rate cuts, which will not affect Hong Kong's financial and monetary stability
ChainCatcher news, Hong Kong Monetary Authority Deputy Chief Executive Li Dazhi said in a commentary on the 19th that the current interest rate hike cycle of the Federal Reserve began in March 2022 and will last until July 2023, with a cumulative increase of 525 basis points. After a period of ups and downs, US inflation has now largely confirmed a downward trend, and there are also signs of a slowdown in the labor market. Therefore, the Federal Reserve has decided to cut interest rates by 50 basis points, which is broadly in line with market expectations. (Jinshi)
