Insights
Tag: HKMA
Interest rates unlikely to be increased before mid-2015
2 February 2015 - Latest US economic statistics are below expectations and show a slowed pace of recovery. The Federal Reserve expressed reluctance in increasing interest rates before June this year. Mr. Norman Chan, Chief Executive of HKMA, was questioned this morning in the Legislative Council about his views on the Fed’s newest announcement and
Norman Chan: interest rate hike will greatly impact property market
3 November 2014 - During the meeting for the Legislative Council's Panel on Financial Affairs, Hong Kong Monetary Authority Chief Executive Norman Chan commented that it is only a matter of time before interest rates will start increasing in Hong Kong as a result of the US central bank ending its huge monthly bond purchase programme. Chan warns th
Residential mortgage loans in negative equity decrease to a single case
28 October 2014 - The Hong Kong Monetary Authority yesterday announced the results of its latest analysis on residential mortgage loans (RMLs) in negative equity. The report shows that the estimated number of RMLs in negative equity decreased to 1 case at the end of September 2014 from 30 cases at the end of June 2014. In addition, the report sai
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