Hong Kong Monetary Authority responds to the Federal Reserve's interest rate decision.
The Federal Reserve's Federal Open Market Committee announced today to maintain the federal fund target range at 3.50-3.75 basis points. The Hong Kong Monetary Authority stated that the Fed's decision to keep interest rates unchanged is in line with market expectations, and Hong Kong's currency and financial markets continue to operate in an orderly manner. The HKMA will continue to closely monitor market changes and maintain monetary and financial stability.
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