(Bloomberg) -- Hong Kong's admission that it
``seriously'' considered scrapping the city's currency link five
years ago will make the peg's defense from future challenges
harder, said Merrill Lynch & Co. and ABN Amro Bank NV.
Former Finance Secretary Antony Leung said today the Hong
Kong Monetary Authority and then-Chief Executive Tung Chee-Hwa
in 2002 evaluated abolishing the link, which started in 1983.
Hong Kong is committed to the peg of about 7.8 to the U.S.
dollar, the HKMA said today.
Read more at Bloomberg Currencies News
``seriously'' considered scrapping the city's currency link five
years ago will make the peg's defense from future challenges
harder, said Merrill Lynch & Co. and ABN Amro Bank NV.
Former Finance Secretary Antony Leung said today the Hong
Kong Monetary Authority and then-Chief Executive Tung Chee-Hwa
in 2002 evaluated abolishing the link, which started in 1983.
Hong Kong is committed to the peg of about 7.8 to the U.S.
dollar, the HKMA said today.
Read more at Bloomberg Currencies News
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