Historydraft LogoHistorydraft Logo
Historydraft
beta
Historydraft Logo
Historydraft
beta

1997 Asian financial crisis - Interest rates raised

Time: Thursday Oct 23, 1997

Place: Hong Kong

Details: The Hong Kong Monetary Authority then promised to protect the currency. On 23 October 1997, it raised overnight interest rates from 8% to 23%, and at one point to '280%'.

Related

Near

1997 Asian financial crisis
1997 Asian financial crisis-Hong Kong dollar, which had been pegged at 7.8 to the U.S. dollar since 1983, came under speculative pressure because Hong Kong's inflation rate had been significantly higher than the United States' for years
Oct, 1997 - Hong Kong
1997 Asian financial crisis
1997 Asian financial crisis-Stock markets became more and more volatile
Monday Oct 20, 1997 - Hong Kong
Hong Kong independence flag
Hong Kong independence-Sino-British Joint Declaration
1984 - Hong Kong, China
Hong Kong independence flag
Hong Kong independence-Request of the People's Republic of China
Thursday Nov 2, 1972 - Hong Kong, China
Jackie Chan Cannes 2012
Jackie Chan-1st major breakthrough
Wednesday Mar 1, 1978 - Hong Kong, China

On This Day - 23 October

Nanjing Road during Xinhai Revolution
Xinhai Revolution-Jiujiang Uprising
Monday Oct 23, 1911 - Jiangxi, China
Francisco Franco
Francisco Franco-Meeting with Hitler
Wednesday Oct 23, 1940 - Hendaye, France
Pelé Image
Pelé-Birth
Wednesday Oct 23, 1940 - Três Corações, Minas Gerais, Brazil
Adolf Hitler
Adolf Hitler-Second battle of El Alamein
Friday Oct 23, 1942 - El Alamein, Egypt
World War II
World War II-Second Battle of El Alamein
Friday Oct 23, 1942 - El Alamein, Egypt

October 1997

1997 Asian financial crisis
1997 Asian financial crisis-Hong Kong dollar, which had been pegged at 7.8 to the U.S. dollar since 1983, came under speculative pressure because Hong Kong's inflation rate had been significantly higher than the United States' for years
Oct, 1997 - Hong Kong
Nintendo Image
Nintendo-Gunpei Yokoi Car Crash
Friday Oct 3, 1997 - Tokyo, Japan
Angelina Jolie
Angelina Jolie-Playing God
Friday Oct 17, 1997 - United States
1997 Asian financial crisis
1997 Asian financial crisis-Stock markets became more and more volatile
Monday Oct 20, 1997 - Hong Kong
Eminem
Eminem-1997 Rap Olympics
Friday Oct 24, 1997 - Los Angeles, California, U.S.

1997

HTC Image
HTC-Foundation
1997 - Taoyuan City, Taiwan
Huawei logo - image
Huawei-A Contract to provide fixed-line network products
1997 - China
Kosovo War Image
Kosovo War-Large amount of arms
1997 - Kosovo
Flag of Christmas Island
Christmas Island-The Australian Indian Ocean Territories
1997 - Christmas Island
1997 Asian financial crisis
1997 Asian financial crisis-The Hanbo scandal
1997 - South Korea
<