Published:
HKMA's aggregate balance dropped by $17m
Is this bad news?
According to CCB International, over the past week, the HKMA’s aggregate balance fell HK$17m and Hong Kong’s monetary base went down by HK$1.3b. Both were moderate declines.
The Hong Kong dollar remained stable against the US dollar as the Hong Kong spot rate ended last week at 7.754
(18 October). Hong Kong’s 10-year treasury yield remained at 2.1% by the end of last week.
Hong Kong’s 10-year treasury yield remained at 2.1% by the end of last week (18 October), an indication of Hong Kong’s stable liquidity environment.
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