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A surprise rate hike by Indonesia’s central bank underlines expectations that the start of monetary policy easing is looking increasingly far off for many Asian central banks, if it is on the horizon at all.

South koreaPramod shenoiChetan ahyaAlex muscatelliBank indonesiaMorgan stanleyFitch ratingsMiddle eastDow jonesSoutheast asiaAsian central banksMonetary policyPolicy dilemmaFed rate cut delayFx crunchUs fed