Hong Kong Monetary Authority Yu Weiwen: The U.S. interest rate hike cycle has not yet ended, and the Hong Kong dollar interbank rate may still be at a relatively high level in the future

On February 2, Yu Weiwen, President of the Hong Kong Monetary Authority, commented on the latest interest rate hike decision of the Federal Reserve on February 2, saying that the US interest rate hike will not affect Hong Kong’s financial and currency stability.

Currently, the U.S. interest rate hike cycle is not yet over, and the Hong Kong dollar interest rate may remain at a relatively high level in the next few days. Therefore, the market must be prepared for a possible further rise in bank lending rates.