The HKMA on Thursday reminded the public to prudently manage interest rate risks when making property, investment, or borrowing decisions, following the Federal Reserve's decision to maintain the target range for the federal funds rate at 3.75% to 4%. The HKMA noted that the persistent interest rate differential between the Hong Kong dollar and the US dollar could lead to carry trade activities, which in turn could affect the Hong Kong dollar exchange rate and interbank interest rates. However, the outlook for the Hong Kong dollar and interbank interest rates remains subject to factors such as market risk appetite and supply and demand conditions. The HKMA will continue to closely monitor market developments to safeguard monetary and financial stability.