HK$ peg to go by year end, says Deutsche

Deutsche Bank''s chief economist reckons a free float and a devaluation of the HK$ are on the cards.
January 14, 2003

The Hong Kong government is out of options, according to Deutsche Bank's chief economist in Asia. Speaking at Deutsche's annual Economic Outlook lunch - given to investors - Michael Spencer predicts that the Hong Kong dollar peg will be revalued by the end of 2003.

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