China News Agency, Hong Kong, June 11 (Xinhua) The US Federal Reserve Board (Federal Reserve) announced on the 10th that it will keep the US dollar interest rate unchanged at 0% to 0.25%. In response, a spokesman for the Hong Kong Monetary Authority (HKMA) said that the recent inflow of funds into the Hong Kong dollar system shows the market’s confidence in the Hong Kong financial system and the Hong Kong dollar.
A spokesman for the HKMA said that before the US economy emerges from the haze of the new coronary pneumonia epidemic, the Fed has a high probability of keeping the policy rate near zero.
Compared with US dollar interest rates, the current Hong Kong dollar interest rate is more attractive. According to a spokesman for the HKMA, Hong Kong’s foreign exchange and currency markets have maintained orderly operations. After April, the exchange rate of the Hong Kong dollar has repeatedly triggered the upper limit of the linked exchange rate system, the strong exchange guarantee, which reflects the continued inflow of funds into the Hong Kong dollar system. And market confidence in the Hong Kong financial system and the Hong Kong dollar.
The spokesman emphasized that the HKMA will continue to monitor market conditions and maintain the stability of the Hong Kong currency and financial system in accordance with the effective linked exchange rate system. (Finish)