Thursday July 11 2019
News Source: Global Exchanges
Focus: General - Global Exchanges
Country: Hong Kong
On 9th July 2019, the Hong Kong Monetary Authority announced the countercyclical capital buffer (CCyB) for Hong Kong will remain at 2.5%.
System-wide risks in Hong Kong associated with a period of excessive credit growth have not subsided. Housing affordability remains highly stretched and household debt-to-GDP ratio has risen to a new high.
Further details of the decision may be found in the Announcement of the CCyB to Authorized Institutions on the HKMA website.
Click on the above link for further information.