Pacific Money

Asia To Fed: Your Move First

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Pacific Money

Asia To Fed: Your Move First

Asian central banks aren’t rushing to follow the U.S. lead on monetary tightening.

Asia To Fed: Your Move First
Credit: Pixabay

Asian central banks are in no hurry to follow the United States in tightening monetary policy, with investors apparently confident the region can ride out reflation.

On Wednesday, the U.S. central bank’s Federal Open Market Committee (FOMC) increased official interest rates by the second time in three months, the first tightening under U.S. President Donald Trump, but a move widely expected by analysts.

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