余伟文指，明年减息幅度仍有颇大不明朗，美联储点阵图显示，减息幅度中位数约50基点，但会议与会议之间有变数，要考虑美国通胀、就业等经济数据。Eddie Yue Wai-man stated this morning that whether Banks lower deposit and loan interest rates is up to Banks themselves to decide, based on interbank rates and the structure of funding costs, and then determine whether to lower them and by how much.
On December 19, Eddie Yue Wai-man, the President of the Hong Kong Monetary Authority, indicated that whether Banks lower deposit and loan interest rates depends on interbank rates and the structure of funding costs, and that the decision on whether and by how much to lower them is made by Banks. He pointed out that a lower interest rate environment could help the Hong Kong economy and even the housing market, reducing the burden on borrowers, but he emphasized that the economy and the housing market are influenced by many factors.
Eddie Yue Wai-man noted that in the past one or two months, the transaction volume in the Hong Kong housing market has gradually increased and stabilized, with property prices remaining stable and slightly rising. He mentioned that we are currently in a slowly easing interest rate environment, and the housing market seems to have stabilized.
Eddie Yue Wai-man indicated that there is still considerable uncertainty regarding the extent of interest rate cuts next year. The Federal Reserve's dot plot shows a median cut of about 50 basis points, but there are variables between meetings that must take into account U.S. inflation, employment, and other economic data. He also believes that the USA may not pause interest rate cuts, and the Federal Reserve is still in a rate-cutting cycle, but the pace and extent of the cuts are unclear, and it may not happen as quickly as the market originally anticipated.
In addition, apart from the uncertainty regarding interest rates, there is also uncertainty regarding policies and geopolitical matters, leading to reflections in the financial markets, and it is expected that the volatility in both the stock and bond markets will persist.