Keyword: dollar peg

Hong Kong Housing Boom (1/21/2010)

The low interest rates intended to stimulate the recessed US economy after the US housing bust in 2007 – 2009 have inadvertently led to a housing boom in Hong Kong when Hong Kong has to lower its interest rates to defend its dollar peg.

Keywords: apartment, dollar peg, foreign exchange, housing boom, housing bust, inflation, mortgage, real interest rates