Hong Kong activity should weather higher rates – paper
Research published by IMF argues consumption and investment will “remain robust”
Both consumption and investment will likely “remain robust” in Hong Kong over the next few years, even as interest rates rise, a working paper published by the International Monetary Fund says.
In Private sector activity in Hong Kong SAR and the Fed: transmission effects through the currency board, author Joong Shik Kang noted rates will rise “in tandem” with the US as a result of Hong Kong’s currency board system.
While this will generate a higher debt servicing burden for consumers, this will
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