On Wednesday, the HKMA bought HK$14.6 billion as the Hong Kong dollar fell to the lower limit of its permitted trading band. Photo: Shutterstock

Hong Kong Monetary Authority steps in to defend currency again as spectre of higher mortgages looms

The withdrawal of liquidity resulting from de-facto central bank’s intervention brings a key property-loan interest rate closer to a tipping point that would leave homeowners with higher mortgage payments.

Topic |   Hong Kong Monetary Authority (HKMA)

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On Wednesday, the HKMA bought HK$14.6 billion as the Hong Kong dollar fell to the lower limit of its permitted trading band. Photo: Shutterstock
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