Asian central banks in the fight against inflation

Even as central banks in some OECD countries – including Canada, Norway, New Zealand, and the United States – hike interest rates in the face of mounting price pressures, most Asian central banks have yet to move.   

A slew of factors explains the slower policy response: lower inflationary pressures, fairly modest exchange rates against the US dollar, and worries about the Russia-Ukraine war’s dampening effect on consumer confidence.

The Business Times looks at what central banks are doing in 8 major Asian economies.