The HKMA’s purchases cut the aggregate balance of liquidity to HK$128.52 billion from around HK$180 billion last Thursday. Photo: Jonathan Wong

Higher interest rates after HKMA intervention stoke property and stock worries

The HKMA has bought up to US$6.5b of the local currency over the past week to shore up the Hong Kong dollar, which hit its lowest level in 35 years

Topic |   Currencies

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The HKMA’s purchases cut the aggregate balance of liquidity to HK$128.52 billion from around HK$180 billion last Thursday. Photo: Jonathan Wong
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