Hong Kong Peg Creator Says Sky-High Rates One Way to Defend It
Hong Kong is willing to tolerate sky-high borrowing rates and near term economic pain to defend its currency peg with the dollar in the wake of renewed attacks by speculators.
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### Instruction: Hong Kong Peg Creator Says Sky-High Rates One Way to Defend It

### Response: Hong Kong is willing to tolerate sky-high borrowing rates and near term economic pain to defend its currency peg with the dollar in the wake of renewed attacks by speculators.