Hong Kong’s de facto central bank stepped into the currency market to defend the local dollar against the weakening effects of capital outflow. Photo: Shutterstock
Hong Kong’s de facto central bank stepped into the currency market to defend the local dollar against the weakening effects of capital outflow. Photo: Shutterstock
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

With interest rates set to continue to rise, it is time to buckle up

  • The unprecedented era of global cheap money is over, and Hongkongers will start to feel the pain while at the same time grappling with a worse-than-expected economic slump

Hong Kong’s de facto central bank stepped into the currency market to defend the local dollar against the weakening effects of capital outflow. Photo: Shutterstock
Hong Kong’s de facto central bank stepped into the currency market to defend the local dollar against the weakening effects of capital outflow. Photo: Shutterstock
READ FULL ARTICLE