Key Points
After the synchronised hikes of last year, the past few months saw diverging monetary policies..
While China, Vietnam cut their policy rate, several Asian central banks paused while the US, EU, UK continued to hike...
With most global central banks already reaching its peak and close to its highest interest rate, economists believe most countries are now nearing a prolonged pause phase, but there could be one or two rate hikes before hitting the pause button...
Priyanka Kishore, Economic & Forum Director, IMA Asia explained that Now we are in a temporary pause phase in my view . There are probably one or two more rate hikes (depending on which country you are looking at) in the pipeline before a prolonged pause sets in..
Central banks have to internally assess whether the rate hikes invoked so far would help to bring inflation down..
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