| Journal Call no. | HG1302.Q37 |
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| Article Title | The interest rate structure in Hong Kong / External Department. |
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| Is Part Of | Quarterly bulletin / Hong Kong Monetary Authority ; no.1, Nov 1994, p.8-14, illus. |
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| Abstract | With monetary policy directed towards maintaining an exchange rate linked to the US dollar.domestic interest rates in Hong Kong are primarily influenced by interest rates in the US. As monetary policy instruments have been refined and the exchange rate link has gained credibility, the wholesale rates in the two economies have become very closely entwined. Notwithstanding the settings of maximum rates for some deposits, movements in wholesale rates are in turn quite rapidly reflected in domestic retail rates. |
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