“Malaysia’s central bank need not follow suit as monetary policy is independently determined by domestic growth and financial conditions.” - Dr Yeah Kim Leng
PETALING JAYA: The US Federal Reserve’s (Fed) policy stance is a clear signal it remains focused on fighting inflation and will leave it to the markets and other central banks to deal with the fallout.
Central banks of Indonesia and the Philippines raised their benchmark rates by 50 basis points (bps) yesterday to fight inflationary pressures building up in their respective economies and defend their currencies.
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