Mon, 18 Oct 2021

HONG KONG, Sept. 23 (Xinhua) -- Hong Kong's money markets continue to operate smoothly, with ample liquidity in the banking system, the Hong Kong Monetary Authority (HKMA) said Thursday.

An HKMA spokesperson said the Hong Kong dollar exchange rate and interest rates remain steady in a statement after the U.S. Federal Reserve indicated that it might announce reducing asset purchases soon.

The Fed on Wednesday kept its benchmark interest rate unchanged at the record-low level of near zero, while signaling it may begin tapering asset purchases soon despite the Delta variant increasing economic uncertainty.

The public should stay vigilant about potential market volatility and risks, the HKMA spokesperson said, promising continued efforts to monitor market developments and maintain monetary and financial stability.

More Hong Kong News

Access More

Sign up for Hong Kong News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!