Reported about 6 hours ago
Goldman Sachs warns that Asian central banks will adopt a cautious approach towards interest rate cuts amid the strengthening US dollar and potential tariffs from the Trump administration. The firm's economist, Andrew Tilton, anticipates the Bank of Korea will refrain from further rate reductions this week, aligning with recent sentiments from Indonesian officials about limited capacity for easing. With the US threatening significant tariffs on China, Asian policymakers may aim to stabilize their currencies, with China's yuan potentially weakening if tariffs come into effect.
Source: YAHOO