So Hong Kong just raised interest rates. Not because our economy suddenly heated up and needs cooling down, but because the US Fed moved and the Hong Kong dollar is pegged to it, so we follow along whether we like it or not. First hike since 2023. That's the whole story in one sentence, and honestly it explains half of what happens to this city's money every year.

Here's the bit nobody really explains to you at the bank counter: this isn't Hong Kong deciding anything. It's autopilot. The peg means when Washington sneezes, your mortgage payment gets a cold. So if you're one of the people still paying off a flat, or thinking about it, expect the bank to quietly nudge that number up on your next statement. Nobody's going to call you about it. You'll just notice.