Will Hong Kong raise interest rates when the aggregate balance drops below HK$100 billion? Photo: Jonathan Wong

Bankers see HK$100 billion as the cue for Hong Kong rate hikes. HKMA says no

Concerns are growing that rates will rise should the aggregate balance dip below HK$100b. The balance, or liquidity level in the banking system, has dropped since the HKMA intervened in the forex market to defend the local currency

Topic |   Hong Kong Monetary Authority (HKMA)

TOP PICKS

Will Hong Kong raise interest rates when the aggregate balance drops below HK$100 billion? Photo: Jonathan Wong
READ FULL ARTICLE