Hong Kong Monetary Authority (HKMA) CEO Eddie Yue said in a statement that a rate hike by the U.S. Federal Reserve, which led to a rate increase by the HKMA to 4.25%, was in line with expectations.
Hong Kong's monetary and financial markets have continued to operate in an orderly manner, he added in a Thursday statement.
Investors should, however, exercise caution as a considerable level of uncertainty around US interest rate adjustments may influence the interest rate environment in Hong Kong.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.