HKMA intervenes to defend currency peg

The Hong Kong Monetary Authority, has spent HK$300 million (US$40 million) defending its currency peg against speculators in the past week. Newly-appointed deputy chief William Ryback said it was comfortable with the position taken and does not see it as a major problem for Hong Kong.

Source: Channel News Asia

Hong Kong's defacto central bank, the Hong Kong Monetary Authority, has spent HK$300 million (US$40 million) defending its currency peg against speculators this past week.

Newly-appointed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: