Hong Kong Gets Prominent Back-Seat Driver in Dollar Peg Defense

Hong Kong Gets Prominent Back-Seat Driver in Dollar Peg Defense

Few managers appreciate having their predecessor chime in with tips on how to do their job. In the case of the Hong Kong Monetary Authority, it’s the agency’s most famous former boss.

The city’s de facto central bank said in a statement Tuesday there’s no need for it to adjust interest rates proa…

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