In the media | 24 Oct 2022
Priyanka Kishore: Time for Asian central banks to pay heed to growth risks
“A significantly more hawkish Fed arguably gives Asian central banks more reason to stay on the course of rapid policy tightening. But a closer look at the banks’ actions and policy statements reveals that the motivation for frontloaded rate moves remains primarily domestic. While the central banks acknowledge an increasingly challenging external environment, keeping inflationary expectations anchored is still their main concern.” Priyanka Kishore, Oxford Economics’ Head of India and Southeast Asia Macro Services, wrote in her op-ed to Nikkei.
“This is something that the region’s central banks should not lose sight of. With a recession all but confirmed in the U.S. and Europe, and COVID lockdowns leading to further gross domestic product downgrades for China, the outlook for Asia’s exports and growth is worsening by the day. “”Looking into 2023, the appropriate policy direction will be an extended rate pause to assess the slowed impact of monetary policy transmission.” She concluded.
Check the full article below:
To download our latest report on Asia central banks, please check APAC central banks look to anchor expectations rather than follow Fed – Oxford Economics.
For media enquiries on Asia, please contact:
Sally Li
[email protected]
Tags:
You may be interested in
Post
The rise of Southern India’s business service hubs
Over the next five years, India is set to be one of the fastest-growing major economies across Asia Pacific, lead by the performance of its IT and business services. The Southern states of Karnataka and Telangana are at the forefront of this success as they are home to two of India’s most rapidly growing cities and productive cities—Bengaluru and Hyderabad.
Find Out More
Post
Measuring the Value of Design in Singapore
This study explores how design delivers value to Singapore-based organisations, enhancing profitability, strengthening strategic performance, and supporting broad environmental and social benefits. It introduces a Theory of Change framework to help organisations more effectively communicate and measure the value of their design activities.
Find Out More
Post
China’s Outbound Recovery: Slowing but Still Rising
Research Briefing Priyanka Kishore: Time for Asian central banks to pay heed to growth risks The rebound continues, but slowing demand, economic headwinds, and shifting traveler preferences are reshaping the outlook.
Find Out More
