The Hong Kong Monetary Authority kept its base rate unchanged at 4.75% after the US Federal Reserve maintained its rate at 4.25% to 4.5%, according to a Thursday press release.
Hong Kong's monetary policy has been in lockstep with the US Fed since 1983 to keep the Hong Kong dollar's exchange rate stable.
The monetary policy decision "is in line with market expectations," the city's de facto central bank said.
"However, the pace of future rate cuts remains uncertain" due to developmetns in labor market data and inflation in the US, according to the central bank.
Hong Kong's interest rates may stay at "relatively high levels for some time," the HKMA said.
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