{"id":321,"date":"2024-08-05T09:47:24","date_gmt":"2024-08-05T09:47:24","guid":{"rendered":"https:\/\/fountain-rock.com\/en\/?p=321"},"modified":"2024-08-05T09:47:24","modified_gmt":"2024-08-05T09:47:24","slug":"hkma-keeps-base-rate-at-5-75","status":"publish","type":"post","link":"https:\/\/fountain-rock.com\/en\/hkma-keeps-base-rate-at-5-75\/","title":{"rendered":"HKMA keeps base rate at 5.75%"},"content":{"rendered":"<h1 class=\"nf__title page-header text-black size-37 striptags\"><strong style=\"font-size: 16px;\">It said that the high interest rate environment could persist for some time.<\/strong><\/h1>\n<div class=\"nf__description\">\n<p>The Hong Kong Monetary Authority (HKMA) has retained its base rate at 5.75% following the US Fed\u2019s announcement to keep the federal funds rate unchanged at 5.25 to 5.5%.<\/p>\n<p>\u201cThe high interest rate environment may last for some time,\u201d HKMA said.<\/p>\n<p>\u201cThe financial and monetary markets of\u00a0<a href=\"https:\/\/hongkongbusiness.hk\/financial-services\/news\/hk-extends-grant-scheme-boost-ofcs-and-reits\">Hong Kong<\/a>\u00a0continue to operate in a smooth and orderly manner,\u201d it said.<\/p>\n<p>Additionally, HKMA said the Hong Kong dollar exchange rate remains stable, but interbank rates are expected to stay high.<\/p>\n<p>Moreover, it advised the public to prudently evaluate risks when making financial decisions such as property purchases, mortgages, or other borrowings.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It said that the high interest rate environment could persist for some time. The Hong Kong Monetary Authority (HKMA) has retained its base rate at 5.75% following the US Fed\u2019s announcement to keep the federal funds rate unchanged at 5.25 to 5.5%. \u201cThe high interest rate environment may last for some time,\u201d HKMA said. \u201cThe financial and monetary markets of\u00a0Hong Kong\u00a0continue to operate in a smooth and orderly manner,\u201d it said. Additionally, HKMA said the Hong Kong dollar exchange rate remains stable, but interbank rates are expected to stay high. Moreover, it advised the public to prudently evaluate risks when [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-321","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/posts\/321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/comments?post=321"}],"version-history":[{"count":1,"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/posts\/321\/revisions"}],"predecessor-version":[{"id":323,"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/posts\/321\/revisions\/323"}],"wp:attachment":[{"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/media?parent=321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/categories?post=321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/tags?post=321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}