Goldman Says Asia Won't Lift Rates as Currencies DropBy
Below-target inflation makes borrowing-cost increases unlikely
Malaysian ringgit's 11% slump was most in the region this year
Favorable economic and international trade conditions in most Asian countries makes it unlikely that the region’s central banks will deem it necessary to raise interest rates to offset the impact of weaker currencies, according to Goldman Sachs Group Inc.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Bitcoin Futures Deliver Wild Ride as Debut Brings Rally, Halts
- Investors Told to Brace for Steepest Rate Hikes Since 2006
- A Manager of $42 Billion Fears Bubble in World's Biggest Stocks
- World's Second-Tallest Building Opens With a Whimper After Delay
- Longtime NPR Host Tom Ashbrook Is Facing Misconduct Allegations