It gives me great pleasure to be present this morning at the launching of the HSBC Global Custody Services. This is yet another initiative of HSBC towards broadening the range of services that it offers to its customers.
This results in the prolonged accommodative monetary policy stance, thereby contributing to a rapid increase in commodity prices, credit growth, and overheating of economies. Considering the possibility of a fallacy of composition, Mr Caruana stresses the importance of assessing the impact of central bank policies on global outcomes.