Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Asia and Pacific Department, issuing body.
|
|---|
| ISBN: | 1498376401
9781498376402
|
|---|
| Notes: | "February 2016."
"Asia and Pacific Department."
Includes bibliographical references (page 14).
Online resource; title from pdf title page (IMF.org Web site, viewed February 29, 2016).
|
|---|
| Summary: | As the U.S. Fed begins to increase the Federal Funds rate, interest rates in Hong Kong SAR will rise in tandem under the Currency Board system. While domestic economic activity in Hong Kong SAR remained resilient in previous rate hike cycles, there is a concern that the impact of higher interest rates would be larger this time due to historic high levels of leverage in both household and corporate sectors. However, macroprudential measures have contained the debt service burden among new borrowers and leverage quality of corporate sector is healthier than its peers in the region. Empirical estimations of aggregate consumption and corporate investment show that private domestic demand is likely to remain robust with the anticipated gradual increase in interest rates over the next few years and taking into account the buffers in the system. --Abstract.
|
|---|
| Standard no.: | 10.5089/9781498376402.001
|
|---|
