Taiwan's central bank is concerned that any interest rate hike now could lift the local currency, but will "definitely" follow the global tightening trend for next year, central bank governor Yang Chin-long said on Monday.
Investors are pricing in the briskest inflation rates in decades for the United States and the euro zone but central bankers may be well advised to take that with a pinch of salt given flaws in the indicator.
The Bank of Canada signaled on Wednesday it could hike interest rates as soon as April 2022 and said inflation would stay above target through much of next year, due to higher energy prices and supply bottlenecks.
Turkey's surprisingly aggressive interest rate cut this week was another "policy misstep" and Fitch Ratings is watching how much it hurts financing for banks and companies, an official at the agency said on Friday.