热门标签

皇冠代理网址:Asia-Pacific may not follow Fed tightening rate

时间:4周前   阅读:4   评论:1

皇冠代理网址www.hg9988.vip)是一个开放皇冠代理网址即时比分、皇冠手机网址代理最新登录线路、皇冠手机网址会员最新登录线路、皇冠网址代理APP下载、皇冠网址会员APP下载、皇冠网址线路APP下载、皇冠网址电脑版下载、皇冠网址手机版下载的皇冠新现金网平台。

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.

,

手机新2管理端www.hg108.vip)实时更新发布最新最快最有效的手机新2管理端网址,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。

,

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.

上一篇:皇冠球网(www.hg108.vip):中国古代的玉殓葬

下一篇:Google Doodle honours cultural icon Azah Aziz on her 94th birthday

网友评论