皇冠体育寻求亚洲战略合作伙伴,皇冠代理招募中,皇冠平台开放会员注册、充值、提现、电脑版下载、APP下载。

首页社会正文

新2网址大全:Asia-Pacific may not follow Fed tightening rate

admin2022-08-256

新2网址大全www.hg108.vip)实时更新发布最新最快最有效的新2网址和新2最新网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

CLICK TO ENLARGE

PETALING JAYA: With core inflation in Asia-Pacific not as high as in the United States and Europe, some countries in the region may not need to closely follow the US Federal Reserve’s (Fed) tightening cycle, says S&P Global Ratings.

Core inflation is the price change of goods and services minus food and energy.

The rating agency’s Asia-Pacific chief economist Louis Kuijs said while energy and commodity price hikes have been important in kick-starting inflation globally, it is core inflation that is crucial for inflation prospects in the coming 18 months.

“Rising core inflation in key economies distinguishes this episode from previous energy/commodity spikes, and is what’s prodding central banks to rapidly lift rates,” he added in a report titled “Asia-Pacific: Varying Core Inflation Paths Drive Monetary Policy Divergence” which was released yesterday.

However, Kuijs believes Asia-Pacific may not follow the Fed closely, given the region’s core inflation is generally lower, even in the developing economies.

AmBank’s group chief economist Anthony Dass expects the country’s central bank to increase the OPR by 25 bps during both its September and November meetings.

This has important implications for monetary policy prospects and, possibly, currencies, he added.

,

Allbet开户www.aLLbet8.vip)是欧博集团的官方网站。欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

,

Although inflation in the Asia-Pacific region was not as high as in the United States and Europe, the rating agency noted it had risen.

“The weighted average of the 14 economies we cover in Asia-Pacific reached 3.9% in mid- 2022, from 2.5% at end-2021.

“Consumer inflation exceeds (upper bounds of) central bank targets in Australia, India, Japan, New Zealand, the Philippines, South Korea and Thailand,” added S&P.

The agency said the rise in core inflation in the United States started in the spring of 2021, at a time that the economy began to recover from Covid-19 lockdowns and the impact of major fiscal stimulus kicked in.

With little slack in the economy and low unemployment, core inflation had increased steadily since then, and rose to around 6% by mid-2022.

“The Fed seems to have been slow in acknowledging the high level of core inflation.

“With a lag, it has turned more hawkish in order to reduce domestic demand to contain pass-through and wage rises,” said the rating agency, which now expects the Fed to raise the federal funds rate above 3.5% by mid-2023.

Locally, Bank Negara had raised the overnight policy rate (OPR) by 25 basis points (bps) to 2.25% on July 6 – the second interest rate hike this year.

网友评论