Financial Secretary Paul Chan on Thursday said the government will not revise the city's economic growth forecast for the year despite a cut in interest rates.

Chan said an easing monetary policy from the United States will inject positive momentum into the SAR's economy, but he also cited external factors such as US tariffs.

"Although there is an interest rate cut, there are still too many external factors, and those factors are not within our control," he said.

"For instance, what will happen in terms of US tariffs in the future, and how strong will the US protectionist policy be? So under such an environment, we should be more cautious."

The Hong Kong economy is projected to grow by 2-3 percent in 2025.

Chan also said despite the Hong Kong dollar peg to the greenback, the city may not always follow the pace of rate decisions by the US Federal Reserve.

"We also need to take into account the capital situation in our Hong Kong market," he said.

"So when their interest rates start to fall back, although our general [monetary policy] direction will be largely in line with theirs, we still need to carefully assess the specific extent and speed of our rate cuts."