The Hong Kong Monetary Authority (HKMA) warned of considerable uncertainty over the path of US interest rates as it kept its base rate unchanged at 4.25 per cent on Thursday, hours after the US Federal Reserve also held its benchmark rate steady. The Hong Kong dollar could continue to weaken due to the gap between Hong Kong and US interest rates, as that would lead carry trade activity, the HKMA said in a statement on Thursday. In carry trades, investors borrow in low-interest currencies to...