Forex reserve dropped US$1b.
According to CCB International, the HKMA’s aggregate balance remained at HK$163.9b this week (ended 6 December 2013) while Hong Kong’s monetary base increased HK$2.5b over the past week to reach HK$1,245.0b.
On the other hand, Hong Kong’s foreign exchange reserve came to US$308.6b by end November, indicating a US$1b decline compared with end-October.
"The Hong Kong 10-year bond yield increased from 2.07% a week ago to 2.24% last week, indicating rising risk premium over last week," CCB International said.
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