The Hong Kong dollar has repeatedly tested the upper end of its peg with the US dollar this year. Photo: Reuters
Hong Kong Monetary Authority (HKMA)
Hong Kong’s low-interest rate regime will help the city’s stricken economy get back on its feet quickly
- HKMA is likely to keep its interest rate unchanged after the Federal Reserve indicated that its rates will remain close to zero until the end of 2022
- A total of HK$48.1 billion has flowed in Hong Kong market since April, forcing the HKMA to intervene 16 times in the market to defend the peg
The Hong Kong dollar has repeatedly tested the upper end of its peg with the US dollar this year. Photo: Reuters