Hong Kong Monetary Authority’s chief executive has defended Hong Kong’s currency peg, saying it helped see the city through some of its toughest economic challenges.
In an interview with CNBC on Tuesday, Eddie Yue who leads Hong Kong’s de facto central bank, said maintaining a stable exchange rate through the calibration of interest rates continues to be paramount to Hong Kong.
The currency peg “is actually doing Hong Kong great in terms of providing the needed exchange rate stability,…