Yam warning over global monetary policy
15-09-2009
The outgoing chief executive of the Hong Kong Monetary Authority, Joseph Yam, says central banks around the world face a difficult choice over when to tighten monetary policy.
He said doing so too soon had the potential to curb economic recovery, while maintaining the current loose monetary policy might lead to inflated asset prices.
Mr Yam said the dilemma faced by Hong Kong was made more difficult because its monetary policy followed that of the United States.
