Hong Kong Monetary Authority chief executive Norman Chan attends a press conference in Central, in January this year. Photo: David Wong

Hong Kong’s monetary authority should raise interest rates now to buffer the market – while it can

Andy Xie says the Hong Kong property market is set to stumble, and the US may return its interest rates to the ‘90s-era 5 per cent average. The HKMA should therefore raise its own interest rates; not doing so only serves Hong Kong’s property cartel

Topic |   Currencies

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Hong Kong Monetary Authority chief executive Norman Chan attends a press conference in Central, in January this year. Photo: David Wong
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