People’s Republic of China: Hong Kong Special Administrative Region: 2010 Article IV Consultation Discussions: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
December 2, 2010
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Owing to prompt policy action, the Hong Kong economy is now back on a robust growth trajectory. Inflation has rebounded, driven by higher costs for utilities. Banks have withstood the financial market volatility. Higher property prices leading to higher rents and the ongoing asset price inflation will feed into higher consumer prices. Financial stability using macroprudential tools and improving the overall fiscal position will help. Preserving the flexibility and adaptability of its economy will require a careful balancing act.
Subject: Financial institutions, Housing, Housing prices, Inflation, Land prices, Mortgages, National accounts, Prices
Keywords: appraisal, CR, Global, Hong Kong property market, Hong Kong property price cycle, Housing, Housing prices, impact assessment, Inflation, ISCR, Land prices, minimum wage, Mortgages, price, report to the government, statutory minimum wage
Pages:
35
Volume:
2010
DOI:
Issue:
345
Series:
Country Report No. 2010/345
Stock No:
1HKGEA2010001
ISBN:
9781455212675
ISSN:
1934-7685
