Goldman sees slower pace of Asia rate cuts on US tariff risks


FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo

SEOUL: Asia’s central banks will proceed cautiously with further policy easing given strength in the greenback and the risk of Trump administration tariffs, according to Goldman Sachs Group Inc.

The Wall Street lender sees the Bank of Korea holding fire on a further reduction to interest rates this week, said Andrew Tilton, the firm’s chief Asia Pacific economist.

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Goldman , tariff , Wall Street , dollar

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