HKMA deputy says QE taper to bring ‘immense shocks' to markets
The longer quantitative easing lasts, the bigger the imbalances will be, and the greater will be the impact inflicted on asset prices when the policy is reversed, Hong Kong Monetary Authority (HKMA) deputy Eddie Yue noted in a recent statement on the bank's website.
Disclosing the investment results of the HKMA's Exchange Fund for the first half of 2013 – a 0.3% negative return – Yue took the opportunity to lambast advanced economies' "unprecedented accommodative monetary policy" for "creating
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