currency peg

A week before the Toronto meeting in July, China said it was abandoning its currency peg to the dollar, wrong-footing its critics again.

He told a press conference the currency peg was a "special measure" to help China weather the financial crisis.

For the moment, the Gulf states are stuck with a currency peg.

Leaving the euro would also be costly, as Argentina found when it was forced off its currency peg to the dollar in 2001.

Shifting to a currency peg does not mean a central bank would suddenly dump its dollar assets.

Argentina broke its supposedly irrevocable currency peg to the dollar a few months later.

Maintaining a currency peg in the face of massive capital inflows is extremely difficult.

Hungary stunned the markets by raising rates 3pc to 11. 5pc in a last-ditch attempt to defend the forint's currency peg in the ERM.

Obviously, China's currency peg entails large costs, and it's extremely unpopular with much of the rest of the world.

China says its managed currency peg is appropriate for the current economic environment.

The currency peg to the US dollar has survived inflation, deflation, and booms and busts in the property market.

There are also growing signs that China is concerned about the domestic implications of its yuan currency peg.

Denmark was forced to raise interest rates in October to keep its currency peg with the euro intact.

He says the Government wants to keep healthy surpluses, as a safeguard against market volatility and to defend Hongkong's currency peg.

China is under increasing pressure to abandon its currency peg to the US dollar and to float the renminbi.

In my view, the primary reason why there's so much inflationary pressure in China is maintenance of the currency peg.

China abandoned its currency peg against the US dollar in late June.

Because of the currency peg, they're bound to U. S. interest rate policies.

China's decision last weekend to suspend its currency peg should help the process along.

The sale of Treasury bonds to China is vital to maintaining the currency peg.

The market has been supported by the territory's unique currency peg.

But the steadily rising currency peg worsened the problem.

Some senior politicians in the People's Party want to swap the currency peg for a band.

The lessons of the 1930s are also relevant to the Chinese currency peg to the dollar.

because of china ' s huge current account surplus , the proc has to sell renminbi and buy dollar assets to maintain the currency peg.

The point of Hong Kong's currency peg is to encourage trade and investment by setting a stable exchange rate.

By law it is required to back its own currency with US dollars to maintain the currency peg that has been in place since 1983.

Venezuela has frequently complained about the dollar and last year Kuwait abandoned its currency peg with the dollar.

But the RMB internationalisation juggernaut may finally force Hong Kong 'to think the unthinkable' on the currency peg.

One prime possibility, he says: Switching Hong Kong's currency peg from the U. S. dollar to the yuan.

And if the capital account is closed, the yuan can't be the basis for a Hong Kong currency peg.

Most obviously, the currency peg (which is likely to remain intact) means Hong Kong prime rates are obliged to track those of the US.

Hong Kong's asset markets are most sensitive to the Fed's policy due to the currency peg to the US dollar.

Hong Kong's currency peg means it has to adopt the same level of interest rates as in the US.

Hong Kong won't break its 26-year-old currency peg to the U. S. dollar.

Hong Kong has openly been selling its currency for the past two months, although that is to maintain its currency peg against the greenback.

Hong Kong's currency peg to the US dollar limits its ability to rein in inflation.

The currency peg is open to speculative attack, so its exchange-rate stability is precarious;

creating strains that eventually broke the currency peg

The Hong Kong dollar has followed the decline of the US dollar as a result of the currency peg that has been in place since 1983.