Hong Kong one-hundred dollar banknotes. Interbank loan rates rose to a six-year high this year. Photo: Bloomberg ORG XMIT,Justin Chin Hong Kong one-hundred dollar banknotes. Interbank loan rates rose to a six-year high this year. Photo: Bloomberg ORG XMIT,Justin Chin
Hong Kong one-hundred dollar banknotes. Interbank loan rates rose to a six-year high this year. Photo: Bloomberg ORG XMIT,Justin Chin
Enoch Yiu
Opinion

Opinion

White Collar by Enoch Yiu

People who are worried about the Hong Kong dollar peg are wrong — it’s about interest rates

The peg to the greenback is stable. Rising rates are what should concern people.

Hong Kong one-hundred dollar banknotes. Interbank loan rates rose to a six-year high this year. Photo: Bloomberg ORG XMIT,Justin Chin Hong Kong one-hundred dollar banknotes. Interbank loan rates rose to a six-year high this year. Photo: Bloomberg ORG XMIT,Justin Chin
Hong Kong one-hundred dollar banknotes. Interbank loan rates rose to a six-year high this year. Photo: Bloomberg ORG XMIT,Justin Chin
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Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is the author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.