HKMA’s Pang warns of hot pockets in emerging Asia

hong-kong-monetary-authority

Peter Pang, the deputy chief executive at the Hong Kong Monetary Authority, on Thursday said the large flow of capital towards emerging market economies continued to be the greatest challenge for policymakers.

At the IMF's Asia and Pacific Regional Economic Outlook in Hong Kong, Pang said: "The divergence in the growth rates of advanced and emerging economies have been driving fund flows to Asia, resulting in signs of overheating in certain pockets of the region. The increasingly negative real

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