Hong Kong, Indonesia and Philippines raise rates
Indonesian hike is above expectations, while HKMA and BSP also raise rates
The central banks of Hong Kong, the Philippines and Indonesia raised their benchmark interest rates today (September 22).
The moves came hours after the US Federal Reserve delivered an aggressive 75 basis-point hike, raising its key rate from 3% to 3.25%. The Fed says this should reach 4.4% by the year’s end and rise further in 2023.
Indonesian rise above expectationsIndonesia’s central bank delivered a bigger interest rate hike than expected to curb inflation.
Its announcement came after
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