10
0
2
א
-2
HONG KONG: CHART 9
REAL RETURNS ON HK$ AND EURODOLLAR DEPOSITS →
REAL INTEREST RATES ARE
INTEREST RATES MINUS THE CHANGES IN THE APPROPRIATE CPI
REAL 3-MONTH
EURODOLLAR RATE
10
6
2
REAL 3-MONTH HK$ BANK DEPOSIT RATE (*)
-2
-4
(-)RETAIL BANK DEPOSITS
-6
-6
1984
1985
1986
1987
1988
1989
1990
7.7
HKS/US$
7.75
7.8
7.85
HONG KONG: CHART 10 HK$/US$ EXCHANGE RATE
HK$/US$ RATE
7.7
7.75
7.8
OFFICIAL PARITY ¡HK$7.80
7.85
***
US$1.00
7.9
7.9
1984
1985
1986
1987
1988
1989
1990
Asian Monetary Monitor
- 19-
January-February 1990