The Hong Kong dollar may come under pressure against the US dollar after the first interest rate rise in three years, but the city does not face a heightened bad-debt risk despite higher borrowing costs, according to the head of the city’s de facto central bank. Hong Kong Monetary Authority (HKMA) chief executive Eddie Yue Wai-man said the US Federal Reserve’s rate rise on Thursday would widen the gap between the market interest rates of the US dollar and the Hong Kong dollar, encouraging more...
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