The Zhitong Finance App learned that the US Federal Reserve announced in the early morning of July 30, Beijing time, that it would keep the federal funds rate target range unchanged between 3.5% and 3.75%. This is the fifth time in a row this year that the Federal Reserve has chosen to “stay on hold”, which is in line with market expectations. Due to the Hong Kong dollar linked exchange rate system, Hong Kong's official interest rate is linked to the Federal Reserve interest rate, and the Hong Kong Monetary Authority kept the benchmark interest rate unchanged at 4%.

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