US rate hikes strain Hong Kong's virus-weakened economy - CNA

5/14/2022 12:00:00 AM2 years 11 months ago

HONG KONG: Recent rate hikes from the Federal Reserve have come at a bad time for Hong Kong which, thanks to its US dollar peg, must follow suit despite its own flagging economy. Hon

HONG KONG: Recent rate hikes from the Federal Reserve have come at a bad time for Hong Kong which, thanks to its US dollar peg, must follow suit despite its own flagging economy. Hong Kong has pegge… [+2420 chars]

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