The HKMA published the Half-Yearly Monetary and Financial Stability Report (Mar 2022) today. The report showed that total deposits increased moderately without notable sign of outflows from the Hong Kong banking system.
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Hong Kong Monetary Authority (HKMA)
The report showed that the global economy entered 2022 on a soft footing but inflationary pressure continued to build. Looking ahead, the global economic outlook is subject to significant uncertainty, including the risk of a major virus outbreak as well as stronger-than-expected monetary policy tightening. The outbreak of military conflict between Russia and Ukraine could also entail significant spillovers to the global economy and complicate the global monetary policy outlook.
Meanwhile, the Hong Kong dollar exchange rate softened while continuing to trade in a smooth and orderly manner. Total deposits increased moderately without notable sign of outflows from the Hong Kong banking system.
Find out more in the full report: https://lnkd.in/etbnr7Ti