Reported 26 days ago
A Reuters poll indicates that most Asian central banks will reduce interest rates more slowly than the U.S. Federal Reserve over the next year, fueled by solid economic growth and manageable inflation. The Fed is expected to cut rates more significantly, but Asian economies are taking a cautious approach to maintain currency stability. Many Asian banks are projected to hold rates steady for the remainder of 2024 or implement only modest reductions, with the People's Bank of China pursuing more aggressive measures to stimulate its economy.
Source: YAHOO