Mr Yam, who heads the Hong Kong Monetary Authority (HKMA), reportedly volunteered to cut his pay by 10 per cent from October last year after the 11 September attacks in the United States, Hong Kong reports said.
With the 5-per-cent pay cut announced by the HKMA on Thursday, his salary will be slashed by a
- Making the rules and breaking the mould (Allan Meltzer: 1928–2017)
- BoE economists criticise DSGE inflation modelling
- Indonesian deputy Perry on revolutionising monetary and financial policy
- Commission should have power to order CCPs to relocate to EU – Cœuré
- South African governor rejects calls to change mandate