HKMA concerned about US economic slowdown risk

The head of the Hong Kong Monetary Authority, one of the world's largest holders of foreign exchange, said he remained apprehensive about the risk of a downturn in the US economy, according to the Friday overseas edition of the Financial Times.

"Like many other people, we're a little concerned about a sharp adjustment to the dollar because you are looking at a current account deficit of 4.5% of gross domestic product and the possibility of a hard landing," said Joseph Yam, head of the HKMA,

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: