The Hong Kong Monetary Authority spent the equivalent of just over US$1 billion to prop up the Hong Kong dollar. Photo: Jonathan Wong

Don’t worry about the Hong Kong dollar but watch out for higher rates, city’s financial chief says

In his blog, Financial Secretary Paul Chan says the city’s monetary body is well-placed to deal with a weaker currency after spending almost HK$10 billion to prop it up

Topic |   Hong Kong Monetary Authority (HKMA)

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The Hong Kong Monetary Authority spent the equivalent of just over US$1 billion to prop up the Hong Kong dollar. Photo: Jonathan Wong
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