S&P: Central banks to remain cautious despite US rate relief

FILE PHOTO: The Federal Reserve building stands in Washington April 3, 2012. REUTERS/Joshua Roberts/File Photo

KUALA LUMPUR: Central banks in the Asia-Pacific region are unlikely to implement aggressive rate cuts due to relatively low interest rates compared to the US, as well as domestic factors such as high housing prices and elevated debt levels.

This is according to a report S&P Global Ratings published today, titled, "Economic Outlook Asia-Pacific Q4 2024: Central Banks To Remain Cautious Despite U.S. Rate Relief."