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Rate Hikes for Hong Kong Borrowers a 'Matter of Time' After Fed Rise

Bloomberg.com
Rate Hikes for Hong Kong Borrowers a 'Matter of Time' After Fed Rise

A dose of reality may be on the way for Hong Kong, even as it breezes through the U.S. Federal Reserve's latest rate hike. Because its currency is pegged to the dollar, the Asian financial hub effectively imports U.S. monetary policy and adjusts borrowing costs in line with the Fed. The Hong Kong