HKMA Flags Uncertainty Over US Monetary Policy Path After Fed Holds Rates

MT Newswires Live01-29

The Hong Kong Monetary Authority said the future path of U.S. monetary policy remains uncertain after the Federal Reserve kept its benchmark interest rate unchanged, according to a Thursday press release.

Hong Kong's monetary and financial markets have continued to operate in an orderly manner, the HKMA said, adding that uncertainty over future U.S. interest rates could affect Hong Kong's interest rate environment.

The authority said it will continue to closely monitor and maintain monetary and financial stability, according to the statement.

The U.S. Federal Reserve held interest rates steady on Wednesday, keeping the target range for the federal funds rate at 3.50% to 3.75%.

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