IMF to Hong Kong: beware of bubbles
If Hong Kong does not implement countercyclical prudential regulations to avoid a rapid rise in credit growth, there will be implications on asset prices, new research from the International Monetary Fund warns.
The research shows that because Hong Kong's currency is pegged to the dollar, Federal Reserve's monetary policy stance is imported directly into the Hong Kong economy and this had helped, alongside other measures taken by the government, the Hong Kong economy to weather the effects of
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