Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
US Dollar Slips as Softer PPI Data Eases Fed Rate Hike Expectations 
Gold Prices Retreat From Two-Month High as Softer Inflation Eases Fed Rate Hike Bets 
Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook 
US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets 
France Inflation Rises 2.4% in July as Consumer Prices Increase 
S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint 
S&P 500 Hits Record High as Soft Inflation Data Eases Fed Rate Hike Fears 
KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious 
Gold Prices Rise as Weak US Retail Sales Cut Fed Rate Hike Bets 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
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The Hong Kong Monetary Authority (HKMA) maintained its base rate at 4.75% on Thursday, aligning with the U.S. Federal Reserve’s decision to keep interest rates unchanged. Hong Kong’s monetary policy follows the Fed closely due to its currency peg to the U.S. dollar within a 7.75-7.85 range.
The Fed left its benchmark rate steady at 4.25%-4.50% and reaffirmed its forecast for two quarter-point cuts by year-end, despite projecting slower economic growth and persistent inflation. In response, HKMA cautioned that local interest rates may remain elevated for an extended period, as future U.S. rate adjustments remain uncertain. The authority advised the public to assess interest rate risks carefully when making financial decisions, such as purchasing property or taking out mortgages.
Despite steady interest rates, Hong Kong’s financial markets continue to function smoothly, with stable liquidity conditions and a firm Hong Kong dollar exchange rate.
The city’s economic outlook remains tied to the Fed’s monetary stance, and investors are closely watching for potential rate cuts that could impact borrowing costs and asset prices.
