IMF endorses Hong Kong’s tight macro-prudential measures
But risks to the outlook appear to be building, the fund says
The International Monetary Fund has endorsed Hong Kong’s robust financial regulation, saying it has built ample buffers to navigate the less favourable environment, though risks are rising.
“The authorities continued their track record of prudent macroeconomic policies,” the IMF says in a report released on January 24. “Robust financial regulation and supervision should help weather domestic and external shocks.”
Meanwhile, the IMF also notes that risks to the city’s outlook have increased
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