Higher Hong Kong dollar rates could lead to increased households debt, rising mortgage repayments, lower incomes and put downward pressure on consumption. Photo: AFP

HK dollar to hit weakest level within its peg system to USD as Fed shrinks balance sheet

Bank of America Merrill Lynch suggests local currency will slip to 7.85 against the greenback, prompting intervention by the Hong Kong Monetary Authority

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Higher Hong Kong dollar rates could lead to increased households debt, rising mortgage repayments, lower incomes and put downward pressure on consumption. Photo: AFP
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