TNAG-2951-FCO40-4228-Hong-Kong-visa-free-travel-for-British-Nationals-(Overseas)--1993 — Page 57

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