Greenwood Expects Mild US Rate Hikes, Only Slight Adjustment in Hong Kong Home Prices
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29 October 2026, Ming Pao Daily Economic Report: John Greenwood, the "father of the linked exchange rate" who took part in formulating the linked exchange rate system, made predictions about US interest rates and the Hong Kong property market. He said that although US inflation remains high, it is at a controllable level compared with 2022, so he expects the Federal Reserve's rate hikes to be relatively mild. He also believes that upward pressure on local interest rates is lower than in 2022, and that home prices will only undergo a slight adjustment because of rate hikes. The report did not mention specific rate hike magnitudes, a timetable or home price adjustment figures, nor did it show responses from other institutions or officials. The matter currently remains at the level of Greenwood's predictions, with further developments awaiting observation.
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- 明報·每日經濟"Father of the Linked Exchange Rate" John Greenwood: US Expected to Raise Rates Mildly, Hong Kong Home Prices to See Only Slight Adjustment
John Greenwood, who took part in formulating the linked exchange rate system, expects that although US inflation remains high, it is manageable compared with 2022, and the Federal Reserve's rate hikes will be relatively mild. He believes upward pressure on local interest rates is also lower than in 2022, and home prices will only adjust slightly because of rate hikes.
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