Macroeconomic Forecast Hong Kong

We have bumped up our average consumer price inflation forecast for Hong Kong for 2010 to 2.5% from 1.8% previously, but we are comfortable sticking to our below-consensus end-year target of 1.8%. CPI came in at 1.3% y-o-y in December, and while base effects should mean annual CPI my rise over the coming months, falling money supply growth and declining asset prices will see price pressures decline in H210.

To read the full article, please choose one of the following options: