HKMA Quarterly Bulletin, June 2005

The Hong Kong Monetary Authority has published the June 2005 issue of its Quarterly Bulletin. This issue contains the regular Half-Yearly Monetary and Financial Stability Report, which analyses recent external and domestic influences on Hong Kong's monetary and financial systems.

The Report notes that the Hong Kong economy continued on its path of sustained recovery during the first half of 2005. It also examines the impact of the refinements to the Linked Exchange Rate system introduced on 18

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