HKMA delivers welcome relief to Hong Kong’s borrowers. Photo: Bloomberg HKMA delivers welcome relief to Hong Kong’s borrowers. Photo: Bloomberg
HKMA delivers welcome relief to Hong Kong’s borrowers. Photo: Bloomberg

Hong Kong’s FX interventions lower key interest rate, lifting the burden for SMEs and mortgage borrowers amid economic slump

  • HKMA stepped into market five times since April 21 to sell HK$10.03 billion Hong Kong dollars
  • One-month Hibor fell 6 per cent after the interventions

Topic |   Hong Kong Monetary Authority (HKMA)
HKMA delivers welcome relief to Hong Kong’s borrowers. Photo: Bloomberg HKMA delivers welcome relief to Hong Kong’s borrowers. Photo: Bloomberg
HKMA delivers welcome relief to Hong Kong’s borrowers. Photo: Bloomberg
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