By
Saxo Bank |
Technical Analysis | Sep 15, 2011 08:07AM GMT |
Several otherwise hawkish Asian central banks have softened their stance and left key interest rates unchanged in the last few weeks, indicating that the effect of global growth stagnation is more of a concern in the region than inflation. With most Asian economies very export oriented focus is largely on increasing evidence of lagging growth in especially Europe and the U.S. and the resultant impact on the Asian region's economies. Therefore raising interest rates to help quell the damaging effects of particularly high food prices is for now out of the question. Andrew Robinson, Correspondent for Saxo Capital Markets, gives an overall interest rate outlook for the Asian region.
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