SAY Connected

Month: October 2012

Hong Kong Monetary Authority Intervene in Currency Markets

Hong Kong’s Monetary Authority (HKMA) has intervened in the currency markets for the third time in less than a week, selling a total of HK$6.63bn (US$855m) to halt the rise of the Hong Kong dollar against the US dollar. The mechanisms that govern Hong Kong’s currency board, by which the Hong Kong dollar’s exchange rate… Read More ›

Malaysia’s confidence in withstanding capital in-flows

As Asian nations take the necessary steps to prevent asset bubbles after the U.S. boosted stimulus, Central Bank Governor Zeti Akhtar Aziz has reassured the Malaysian community by saying that;  ‘Malaysia can manage capital inflows due to monetary easing in advanced economies.’ Zeti who oversaw the Malaysian response to capital outflows during the Asian financial… Read More ›

Does Indonesia need Policy Tightening?

Speedy economic growth, together with massive credit increases and deteriorating current accounts have spurred fears among many analysts that Indonesia’s economy may be overheating, which may see the central bank of Indonesia being forced to increase interest rates. Indonesia has seen a sharp deterioration in its current account position over the past year. However, this… Read More ›