Eddie Yue Wai-man speaks to the press on his first day as the chief executive of the Hong Kong Monetary Authority on October 2 at the International Finance Centre in Central. Photo: Xiaomei Chen
Opinion
Opinion
Macroscope
Hong Kong’s dollar peg has been crucial during the crisis, and should be maintained when it ends
- Maintaining Hong Kong’s dollar peg will, should the economy recover, mean interest rates will be lower than is desirable
- Keep the peg anyway: the limited outflows during Hong Kong’s crisis show how important it is for economic stability
Eddie Yue Wai-man speaks to the press on his first day as the chief executive of the Hong Kong Monetary Authority on October 2 at the International Finance Centre in Central. Photo: Xiaomei Chen
