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Monetary policy
From Hong Kong's rate hike to the world's best cheese – Here's your November 4 news briefing
To start off, we're looking into:
Hong Kong raises interest rates after the Fed’s hike
Hong Kong's monetary policy has been pegged to the US dollar since 1983, in a close range between 7.75 to 7.85 Hong Kong dollars against the greenback. So, when the Hong Kong
Hong Kong and its banks hike interest rates following the Fed’s hawkish stance
Hong Kong's monetary policy has been pegged to the US dollar since 1983, in a close range between 7.75 to 7.85 Hong Kong dollars against the greenback.
The Fed stresses gradual and deliberate movement when handling inflation
The backstory:
* Many of you know that inflation is quite high right now because of the pandemic. Demand roared back at a much faster rate than people expected, and supply chain issues made it difficult to meet this demand. These factors contributed to inflation reaching global highs.
* In the United