SINGAPORE - Several key Asian share benchmarks fell on Thursday as markets digested the implications of policymakers in major economies preferring to take patient approach to monetary easing amid sticky inflation.
"One thing that's interesting from the last 24 hours that can be taken away is still the uncertainty from central banks about policy settings and at what levels interest rates have to be at, and where they need to potentially stay at, in order to tame inflation" said Kyle Rodda, senior financial market analyst at Capital.com.
Data on Wednesday showed inflation in Britain eased less than expected and a key core measure of prices barely dropped, prompting investors to pull bets on a Bank of England rate cut next month. "Our baseline view remains that the first 25bp policy easing will occur in February next year, to be followed by a series of gradual 25bp reductions that will eventually lower the OCR to around 3.75% in 2026."
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