Earlier news (via Bloomberg) that Hong Kong Monetary Authority (HKMA) intervened in the HK dollar market
Post: Intervention in the HK dollar - HKMA sells USD, defends peg
- The HKD had fallen to the low end of its permitted trading band
Comments now from HKMA deputy chief executive Howard Lee:
- HKMA is prepared to deal with capital outflows
- HK banking system has ample liquidity
- Expects interest rates to rise incrementally
