Fed hike will intensify market risks for Asian central banks |

The expected 75 basis points interest rate increase from the Federal Reserve this week will heap pressure on its Asian counterparts to speed up monetary tightening—or risk further fund outflows and weaker currencies.

Recent tightening announcements from unscheduled meetings of the Monetary Authority of Singapore and the Bangko Sentral ng Pilipinas indicate that Asia’s central banks are susceptible to making rapid readjustments as inflation bites harder than expected. Smaller cushion Inflation has risen to the highest in 23 years in South Korea, 21 years in Australia and 14 years in Thailand. And the worst may not be over as elevated commodity prices and supply-chain disruptions continue to drive up import costs.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks inch higher on bets of aggressive Fed hike - BusinessWorld OnlineSTOCKS eked out gains on Tuesday after President Ferdinand “Bongbong” R. Marcos, Jr.’s first State of the Nation Address and expectations of another aggressive rate hike by the US Federal Reserve.
Source: bworldph - 🏆 9. / 68 Read more »

Stock market up; BDO, Semirara Mining climbThe stock market gained slightly again Wednesday on thin trading, with eyes on the Fed meeting later in the day, which is followed Thursday by second-quarter economic growth figures. Read more:
Source: MlaStandard - 🏆 20. / 55 Read more »