South-East Asia no longer tethered to Fed decisions

The Fed’s influence as the de facto setter of interest rates is waning. — Reuters

MARKET watchers worldwide are eagerly anticipating the outcome of the next meeting of the United States Federal Reserve (Fed) on Thursday (2am Singapore time).

Closer to home, regional central banks are also gearing up for key meetings. For example, the Bank of Thailand (BoT) will hold its next rate review on June 12, before the Fed’s decision.