Goldman Sachs: Affected by US tariff risks, Asian countries are expected to slow down interest rate cuts
According to online reports, Goldman Sachs Group said that in view of the strengthening of the US dollar and the risk of tariffs imposed by the Trump administration, Asian central banks will cautiously advance further easing policies. Andrew Tilton, chief Asia-Pacific economist at Goldman Sachs, said Goldman Sachs does not expect the Bank of Korea to cut interest rates further this week. Last week, Indonesian officials had warned that the room for reducing borrowing costs had narrowed due to political developments in the United States. Tilton said,"With tariffs likely to arrive and the dollar approaching decades-long highs, we think the pace of interest rate cuts will be quite slow. I think the US dollar is also an important factor because exchange rates and exchange rate stability are very important to Asian central banks."
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