Confidence at central bank
As volatility strikes Asian markets in anticipation of the US Federal Reserve winding down quantitative easing – the practice of injecting money into the economy – the National Bank of Cambodia says the Kingdom will remain largely insulated thanks to an investment market still in its infancy.
National Bank of Cambodia director general Nguon Sokha told the Post yesterday that while the country may have benefited from the Fed’s stimulus that began in 2008 in response to the global financial crisis, the expected wind-down will have little impact due to the Kingdom’s nascent securities market, its non-existent bond market and its favourable conditions for foreign investment. …
Sokha said Cambodia’s welcoming economic climate will also mitigate any impact from the potential slowing of foreign direct investment from a lack of global liquidity. …
http://www.phnompenhpost.com/2013062566455/Business/confidence-at-central-bank.html
