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No reprieve for Asian currencies as Fed's rate hikes continue, EIU says

Por: CNBC Business October 06, 2022

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In recent months however, the central banks of Thailand and Philippines have relented and have begun hiking up rates.Bloomberg Bloomberg Getty ImagesAsian currencies will likely continue weakening for another quarter — if not more, as the Economist Intelligence Unit said.  although the risk is rising that rate increases will occur at a faster pace than we currently anticipate.The contrast between the Fed's tightening and the monetary... + full article



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