| Journal Call no. | HG1302.Q37 |
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| Article Title | The domestic environment / External Department. |
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| Is Part Of | Quarterly bulletin / Hong Kong Monetary Authority ; no.3, May 1995, p.71-74, illus. |
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| Abstract | Earlier increase in domestic interest rates continue to affect monetary conditions and real activity in Hong Kong. The inflation rate for the March quarter was 9.5%. While the depreciation of the Hong Kong dollar will add to inflationary pressures, this should not be exaggerated. Fiscal policy is expected to be mildly stimulatory in 1995/96, providing some offset to weaker private consumption, before returning to surplus in subsequent years. Export performance continued to improve in the March quarter. |
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