Asian central banks brace for Fed to lift rates this month
Economists still see potential for some modest easing this year in Australia, India and South Korea
Hong Kong
ASIA'S central banks are bracing themselves for the US Federal Reserve to lift interest rates this month for only the third time in a decade.
Higher US borrowing costs ripple through Asia by driving up bond yields, reducing the region's appeal to foreign investors and thereby pressuring local currencies. In response, some Asian central banks historically have faced pressure to shield their economies with rate hikes of their own.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Indonesia to drive the growth of Asean’s green economy: PM Lee
Vietnam April exports up 10.6% y/y, industrial output up 6.3%
Inflation overshadows US economic resilience, hurting Biden
South-east Asia heat wave shuts schools, stokes power demand
Star Entertainment chair Foster steps down, adds to management exodus
Fading bets of early RBA cuts frustrate Albanese reelection plan