HKMA Cautions on Interest Rate Outlook as Traders Predict Rate Cuts

Thursday, 13 June 2024, 04:05
The Hong Kong Monetary Authority (HKMA) advises caution on interest rate outlook, contrasting with traders' expectations of rate cuts in September. JP Morgan's strategist notes the potential for two more Fed rate moves this year if inflation softens, while HKMA suggests prolonged elevated rates. The divergence in forecasts highlights the uncertainty surrounding future interest rate adjustments.
South China Morning Post
HKMA Cautions on Interest Rate Outlook as Traders Predict Rate Cuts

HKMA Cautions on Interest Rate Outlook, Traders Forecast Cuts

The Hong Kong Monetary Authority (HKMA) advises caution on interest rate outlook, contrasting with traders' expectations of rate cuts in September.

Key Points:

  • JP Morgan Strategist Perspective: Notes potential for two more Fed rate moves this year if inflation softens.
  • HKMA Stance: Suggests elevated rates may continue for some time, diverging from market expectations.

The divergence in forecasts highlights the uncertainty surrounding future interest rate adjustments.

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