The slowdown of HK dollar broad money growth

RESEARCH - The Hong Kong Monetary Authority has published research on 'The Slowdown of Hong Kong Dollar Broad Money Growth' by Kitty Lai and Joanna, Yen Ling Shi. It examines the factors leading to the slowdown of broad money growth from about 5% in early 2001 to currently below 1%.


Hong Kong dollar broad money (M3) growth moderated steadily from the third quarter of 2001. Broad money at end-March was about 1% (HK$15 billion) lower than the recent peak at end-September 2001. The year

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