Hong Kong Monetary Authority: The US has entered a cycle of interest rate cuts, which will not affect Hong Kong's financial and monetary stability

On the 19th, David Lee, deputy chief executive of the Hong Kong Monetary Authority, commented that the Fed's interest rate hike cycle will start in March 2022 and end in July 2023, with a cumulative increase of 525 basis points. After a period of repeated changes, US inflation has generally been confirmed to have fallen, and the labor market has also shown signs of slowing down recently. Therefore, the Fed's decision to cut interest rates by 50 basis points is roughly in line with market expectations. (Jinshi)