External view of Hong Kong Monetary Authority at International Financial Centre, Central. Photo: Handout
External view of Hong Kong Monetary Authority at International Financial Centre, Central. Photo: Handout
Business /  Banking & Finance

Hong Kong defends local dollar in first currency intervention in 18 months, as capital flows out in pursuit of higher US yields

  • The HKMA bought a combined US$722 million worth of Hong Kong dollars in two interventions on Thursday
  • Such a trend will gradually push interest rates up, including mortgage rates in Hong Kong, ANZ executive says

Enoch Yiu
Enoch Yiu

Updated: 6:10pm, 12 May, 2022

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External view of Hong Kong Monetary Authority at International Financial Centre, Central. Photo: Handout
External view of Hong Kong Monetary Authority at International Financial Centre, Central. Photo: Handout
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