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Issue:

Business

 

Written by:

Christopher D

 

Date added:

March 10, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 520

 

Was viewed:

8262 times

 

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Essay content:

It finished up 0.53 per cent, although the lending rate rises in the afternoon did push the index off its earlier peak and sparked selling of property stocks. Climbing interest rates could also dampen spending, said Goldman Sachs economist Enoch Fung. "This [rates rise] is negative for household consumption, but the ongoing strong employment growth and wage growth will mitigate some of the implications...
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The Hong Kong dollar will also be allowed to weaken to $7.85, compared with $7.80 today, after a step-by-step adjustment over five weeks from Monday. The introduction of a ceiling - in the past the HKMA had no obligation to defend the peg on the strong side - was aimed at bringing short-term Hong Kong interest rates in line with US rates and limiting the use of the local dollar as a tool for speculating on a yuan revaluation...
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General issues of this essay:
Key Points of the Great Depression points Key Points from "It's showtime!" Lord of the Flies points 8 points Nora Sakiri Points Heart of Darkness key points Turning Points in History Turning Points in History turning points in history Deming's 14 Points Points Against And In Favour F Demming's Fourteen Points Abortion: Points Of View turning points
 

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