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HKD/USD @ 7.85?

  1. #21

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    @shri thanks for posting this.

    Just to mention, the "3 month borrowing cost" referred to in the article is 3 month Hibor, which is not the rate applicable to Hibor-based mortgages. This would be of course the 1 month Hibor rate. The reason why I mention this is because 1 month Hibor is still way off the highs. Which is good news for people with this type of mortgages.


  2. #22

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    Which is good news for people with this type of mortgages.
    Everything is good news, until it is not.
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  3. #23

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    Oct 2006
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    I am hearing that they are waiting until June to raise rates. Why are they not raising rates now? Would save all of this buying nonsense. But then again I don't have a clue.


  4. #24

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    HKMA's latest number...

    Down to 128,520 mn.

    (Started the month at 179B)

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  5. #25

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    Jul 2004
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    1M HIBOR touched 1.2%, highest since 2008..


  6. #26

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    Oct 2010
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    15,369
    Quote Originally Posted by shri
    HKMA's latest number...

    Down to 128,520 mn.

    (Started the month at 179B)
    That's a surprisingly large drop. I guess they can raise rates to attract other people to do the buying if the reserves continue to be used up so quickly.

  7. #27

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    Looking at the numbers, about 20B was used up yesterday.

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