HKMA, PBoC react to QE2
The Hong Kong Monetary Authority (HKMA) and the People's Bank of China (PBoC) have stepped up efforts to curb the surge in capital inflows to their respective economies in response to the Federal Reserve's $600 billion quantitative easing programme.
On Friday, the HKMA released details on a number of prudential measures for bank mortgage lending in a bid to reduce the risk of asset bubbles forming in the territory's property sector as a result of Fed's stimulus programme, dubbed QE2.
The
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