Norman Chan, chief executive of the HKMA, said the ‘direction of fund flows has become more uncertain’ in view of the apparent change in the Fed’s monetary policy. Photo: K. Y. Cheng

Beware volatility, warns HKMA chief Norman Chan, as Hong Kong leaves interest rate unchanged in lockstep with US Fed

  • Hongkongers should ‘stay vigilant in managing the potential risks arising from market volatilities’, said the head of the city’s de facto central bank
  • With growth dampened by the trade war, the US Fed has signalled it is reversing course on the rising interest rate cycle that began in December 2015
Topic |   Hong Kong Monetary Authority (HKMA)

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Norman Chan, chief executive of the HKMA, said the ‘direction of fund flows has become more uncertain’ in view of the apparent change in the Fed’s monetary policy. Photo: K. Y. Cheng
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