Reported about 14 hours ago
Asia's central banks are facing economic challenges linked to the 'impossible trinity,' which posits that nations cannot manage currency stability, set independent interest rates, and allow free capital movement simultaneously. This dilemma has led to increased borrowing costs and liquidity shortages in countries like China, India, and Indonesia. In response, the Reserve Bank of India is injecting liquidity into the financial system, while concerns grow over the impact of currency volatility on economic growth.
Source: YAHOO