The Federal Reserve announced on the 29th local time that it will maintain the target range of the federal funds rate between 3.5% and 3.75% unchanged. The Hong Kong Monetary Authority (HKMA) responded to the Federal Reserve's interest rate decision on the 30th and stated that Hong Kong's currency and financial markets continue to operate in an orderly manner. The HKMA will continue to closely monitor market changes and maintain monetary and financial stability. The Hong Kong Monetary Authority stated that the Federal Reserve's decision to keep interest rates unchanged is in line with market expectations. The market generally believes that there is significant uncertainty regarding the future direction of US monetary policy, which depends on inflation trends and job market conditions. In particular, the continued tension in the Middle East region has led to high oil prices, and the impact on US inflation remains to be observed. The Hong Kong Monetary Authority stated that under the linked exchange rate system, the overall Hong Kong dollar interest rate tends to approach the US dollar interest rate, while shorter term interest rates are also affected by local market supply and demand of Hong Kong dollar funds, such as seasonal factors and capital market activities. There is uncertainty about the future direction of interest rates in the United States, which will also have an impact on the interest rate environment in Hong Kong. Citizens need to fully consider and manage interest rate risks when making decisions to buy, invest, or borrow. On that day, three note issuing banks in Hong Kong - Standard Chartered Bank (Hong Kong) Limited, Bank of China (Hong Kong) Limited, and The Hongkong and Shanghai Banking Corporation Limited - announced that they would maintain their prime rates unchanged. (Looking into the New Era)