The Hong Kong Monetary Authority has decided to keep its base rate unchanged at 4%. This move follows the U.S. Federal Reserve's announcement on April 29 to maintain the federal funds rate target range between 3.5% and 3.75%. The Fed's decision, marking the third consecutive pause in rate adjustments this year, aligned with broad market expectations. Under the linked exchange rate system, Hong Kong's official interest rates are closely tied to U.S. monetary policy. The HKMA's response to the Fed's latest rate decision confirms the continuation of the current monetary stance.
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