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HKMA responds to Fed's decision to keep rates unchanged
The Hong Kong Monetary Authority (HKMA) noted the US Federal Reserve's decision to maintain the federal funds rate at 3.75-4%. HKMA stated that Hong Kong's monetary and financial markets continue to operate in an orderly manner, with the HKD-USD interest rate differential persisting, which may lead to gradual easing of the Hong Kong dollar due to carry trade activities. HKMA urged the public to manage interest rate risks.
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