HKMA's Response to US Fed's Interest Rate Decision
The following is issued on behalf of the Hong Kong Monetary Authority:
The Federal Open Market Committee of the United StatesFederal Reserve (the Fed) announced earlier today (July 30, Hong Kong time) its decision to keep the target range for the federal funds rate unchanged at 3.5-3.75 per cent.
The policy decision is in line with market expectations. The statement released after the meeting indicated that economic activity was expanding at a solid pace and the labour market was stable, but inflation has remained elevated, reflecting that the Committee is watchful over the outlook on inflation.
Hong Kong's monetary and financial markets have continued to operate in an orderly manner. Under the Linked Exchange Rate System, Hong Kong dollar interbank rates generally track the US dollar counterparts, while shorter-tenor interbank rates tend to be also influenced by the supply and demand of Hong Kong dollar funding in the local market such as seasonal factors and capital market activities.
US interest rate adjustments will depend on developments in inflation, labour market, and other economic data, and may influence the interest rate environment in Hong Kong. The public should carefully manage interest rate risks when making decisions about property purchase, investment or borrowing. The HKMA will continue to closely monitor market developments and maintain monetary and financial stability.
The Hong Kong Monetary Authority, Photo source: reference image
HKICL alerts public of fraudulent website
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Interbank Clearing Limited (HKICL) has recently noted several fraudulent websites at hkiclfpsfa35.i3r7[.]my, hkiclfps7e27.f8l5[.]my, hkiclfps9377.f8l5[.]my, hkiclfpsb148.i3r7[.]my, kjf.i3r7[.]my, khf.i3r7[.]my, ani.i3r7[.]my and hkmonetaryauthority[.]xyz purported to be from the HKICL. The fraudulent websites imitate as "Buyer Online Protection" to provide services including 1) refund to buyer, 2) unauthorised online transaction reporting, and 3) online transaction support, for online transaction over FPS payment. They intend to trick user into giving away personal document number and ID photo together with phone number for real-name verification in order to get cash reward. In addition, they also trick user into providing bank name, bank account holder's number and bank account holder's name to top up and withdraw money from its platform's virtual wallet via FPS. Furthermore, they direct user to a fraudster impersonating as customer service personnel.
The HKICL advises that these fraudulent websites have no affiliation with the HKICL, or any business of the HKICL. The HKICL will not directly provide FPS service to individual members of the public or contact individual members of the public proactively under usual circumstance. The genuine official website addresses of the HKICL are www.hkicl.com.hk and fps.hkicl.com.hk.
The HKICL urges the public to beware of suspicious calls, websites or other communications, and to remain vigilant in protecting personal information. If members of the public receive any suspicious communication purportedly from the HKICL, please call the HKICL's general line at 2533 1111 to verify. Members of the public who suspect that theyhave become the victim of fraudulent acts should report promptly to the Police.
Source: AI-found images
