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 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
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
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

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 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
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
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