Bundles of Chinese yuan banknotes at a money exchange. Mainland rate cuts are aimed at shoring up business and consumer confidence to a Covid-battered economy. Photo: Bloomberg
Bundles of Chinese yuan banknotes at a money exchange. Mainland rate cuts are aimed at shoring up business and consumer confidence to a Covid-battered economy. Photo: Bloomberg
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

Challenges for Hong Kong as China, US widen the gap on interest rates

  • With Beijing economic policy favouring rate cuts and the Fed a series of rises, and Hong Kong’s currency being pegged to the US dollar, city faces a difficult balancing act

Bundles of Chinese yuan banknotes at a money exchange. Mainland rate cuts are aimed at shoring up business and consumer confidence to a Covid-battered economy. Photo: Bloomberg
Bundles of Chinese yuan banknotes at a money exchange. Mainland rate cuts are aimed at shoring up business and consumer confidence to a Covid-battered economy. Photo: Bloomberg
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