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HKMA buys $7.8b to defend Hong Kong dollar peg: report

Aggregate balance will rise to HK$116.6b on May 7, 2025.

The Hong Kong Monetary Authority (HKMA) bought $7.8b or HK$60.4b against the Hong Kong dollar on Tuesday to stop the local currency strengthening and breaking its peg to the US dollar, according to a report by Reuters on 6 May 2025.

The aggregate balance— the key gauge of cash in the banking system— will increase by HK$116.6b on May 7, an HKMA spokesperson was quoted saying.

The Hong Kong dollar is pegged to a band of between 7.75 and 7.85 versus the US dollar.

Read on Reuters:

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