Asia has lagged as the rest of the world began lifting rates in June, after the Federal Reserve kicked off an accelerated timeline for its policy tightening.
Having bucked a global dash to tighten monetary policy for a year, Asian central banks find themselves scrambling to catch up in order to tackle rising inflation and defend weakening currencies.
HAVING bucked a global dash to tighten monetary policy for a year, Asian central banks find themselves scrambling to catch up in order to tackle rising inflation and defend weakening currencies.
Asian economies that have shielded their citizens from surging energy and food prices through subsidies and other fiscal support are being forced to narrow their aim to the most-needy to ease the strain on their pandemic-battered budgets.
PHL growth outlook buoyed by reopening, gov't investment plans; food inflation a drag bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.