Monetary Authority Chief Executive Norman Chan today urged people to manage investment risks prudently as the authority believes a US interest rate lift off is getting closer.
The authority noted the US Federal Open Market Committee kept interest rates unchanged at its meeting yesterday.
The committee said the economy expanded moderately, indicating that it would be appropriate to raise rates when it has seen some further improvement in the labour market, and is reasonably confident that inflation will return to 2% over the medium term.
Mr Chan said the normalisation of US rates is likely to have material impact on global fund flows and asset markets, and may lead to greater market volatility.
