Strategic Synergy: Rethinking Vietnam’s Fiscal and Monetary Policies for Resilient Growth

Economic

Summary:

Vietnam’s economy in 2025 reveals strong public investment performance and stable fiscal space, but monetary policy shows signs of tightening limitations. ...

Overview Of Recent Policy Context

In 2025, Vietnam's macroeconomic strategy is marked by diverging paths in monetary and fiscal policy. While the State Bank has maintained an accommodative stance since 2023 to support post-pandemic recovery, analysts warn that its capacity is narrowing. In contrast, fiscal measures have been more dynamic, benefiting from robust revenue streams and lower public debt, thereby sustaining higher public investment and supporting economic momentum.

Though monetary policy continues to favor growth, constraints are emerging. According to World Bank assessments, credit growth reached 18.1% in the first half of 2025 compared to the previous year, pushing the credit-to-GDP ratio to 134% by the end of 2024. Simultaneously, the VND depreciated by 3.9% against the USD during early 2025, reflecting pressure on the currency and rising systemic risks. Additionally, bad debts in the banking sector are increasing, complicating efforts to manage liquidity and foreign exchange balance. These developments suggest a correlation between aggressive credit expansion and financial instability risks.

Fiscal Policy Effectiveness And Investment Expansion

In contrast to monetary limitations, fiscal policy has delivered more promising outcomes. The first seven months of 2025 saw state budget investment disbursement totaling approximately VND 378.3 trillion, equal to 40.7% of the annual target and representing a 25.4% increase year-on-year.

By mid-year, Vietnam achieved a budget surplus of 3.9% of GDP, supported by a 19.2% rise in total revenue over 2024, amounting to 22.6% of GDP. A notable portion of this revenue surge stemmed from land-related income, revealing a strong but potentially unsustainable reliance on real estate transactions.

Risks Of Overdependence On Land Revenue

Despite the current fiscal strength, structural vulnerabilities exist. Professor Vu Sy Cuong from the Academy of Finance warns that overreliance on land-based revenue could mirror the Dutch disease phenomenon. Surging land prices may redirect capital away from manufacturing and other productive sectors, leading to imbalances in economic structure, higher production costs, and diminished competitiveness. T

he sharp fluctuations in Ho Chi Minh City’s land-based revenue exemplify this issue, including the 21.7 trillion VND tax contribution from Vingroup’s Can Gio mega-project, which accounted for 55% of land revenue and pushed the city’s land-based tax income up 391% year-on-year in the first eight months.

Coordinated Policy Strategy Amid Inflationary Concerns

Theoretically, under controlled inflation and high growth, a combination of tight fiscal and loose monetary policy would be appropriate. However, current conditions show both policies leaning toward expansion. The inflation outlook, considered a major external risk by central bank leaders, combined with high credit ratios, raises the possibility of financial overheating.

Consequently, there is a correlation rather than direct causation between simultaneous policy loosening and elevated inflation risk. Experts recommend that fiscal policy shift focus from expansion to effectiveness, emphasizing accelerated public investment disbursement and encouraging public-private partnerships (PPP) to diversify capital sources.

Infrastructure And Energy Connectivity As Growth Catalysts

Vietnam’s public investment strategy in 2025 targets connectivity infrastructure and energy systems critical to supporting long-term industrial and distribution needs. These priorities align with high-growth ambitions, including an annual GDP target exceeding 8%. Professor Tran Tho Dat of the National Economics University stresses that monetary policy must be steered with greater caution, employing a toolkit of flexible instruments to avoid destabilizing the financial system. Over the medium and long term, Vietnam must gradually transition from banking-credit dependence to a more diversified and shock-resilient financial architecture.

The World Bank emphasizes the importance of institutional development, particularly in supervising conglomerates and financial entities linked to the real economy. Challenges remain in crisis resolution, bank dissolution procedures, and legal protection for supervisory authorities. Strengthening the regulatory framework, reforming essential services, and fostering green growth are seen as fundamental to improving human capital and long-term productivity.

Vietnam’s path forward in an increasingly volatile global environment will depend on harmonizing fiscal and monetary policies. Monetary flexibility is shrinking due to rising credit risks and currency pressure, while fiscal space remains relatively ample. However, without structural reforms particularly in tax base broadening and public investment efficiency Vietnam may face sustainability issues. Future policy design must balance short-term stimulus with long-term stability, ensuring that growth is supported without undermining macroeconomic foundations. This strategic synergy is critical for Vietnam to secure resilient, inclusive, and sustainable development beyond 2025.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Add to Favorites

Gerik

Economic

Trump Warns of Impending Government Shutdown

On September 19, President Donald Trump publicly stated that a U.S. government shutdown is "very likely" to occur from October 1 due to a political standoff between Republicans and Democrats over the federal budget specifically, healthcare spending.

Speaking from the Oval Office, Trump emphasized that ongoing negotiations with the Democrats had made little progress, raising the chances of a shutdown as time runs out. The Senate has just blocked two rival budget proposals, one from each party, before adjourning until September 29. The House of Representatives is not expected to reconvene until after October 1, narrowing the window for any last-minute resolution.

The Core Issue: Healthcare and Temporary Funding

At the heart of the conflict is a disagreement on how much funding should be allocated to healthcare. Democrats are demanding increased spending, including a permanent expansion of Obamacare tax subsidies, a reversal of nearly $1 trillion in Medicaid cuts, and a short-term budget extension until October 31 with a total allocation of $1.5 trillion.

Meanwhile, Republicans back a shorter, more conservative proposal, offering to fund the government only until November 21, with limited spending increases. Senate Majority Leader John Thune stated bluntly: “The choice is clear pass the short-term bill to keep the government running, or face a shutdown.”

Political Impasse in Congress

Neither party has enough votes in the Senate to push their proposal forward, and both sides have failed to reach a middle ground. The Democratic proposal, led by Senator Chuck Schumer, failed by a narrow 47–45 margin. Schumer argued that his plan would not only prevent a shutdown but also lower healthcare premiums, strengthen Medicaid, and protect research funding, directly contrasting it with what he framed as continued healthcare cuts under Trump-era policies.

The Republican plan, however, already passed the House albeit with just one Democrat vote in support. This version includes additional provisions, such as increased security funding for federal officials and lawmakers, and permission for Washington D.C. to use local tax revenue in the upcoming fiscal year.

Speaker of the House Mike Johnson also added that funding for personal security would be increased, particularly after the recent assassination of conservative activist Charlie Kirk, to address rising safety concerns among members of Congress.

A Familiar Fiscal Crisis

This budget standoff is not new to Washington. In recent years, it has become almost customary for Congress to miss the annual budget deadline, leading to temporary funding bills or government shutdowns. A shutdown would halt operations in numerous federal agencies, delaying paychecks and services unless a deal is reached in time.

As pressure mounts, all eyes are now on the final days of September to see whether Congress can avoid another fiscal crisis, or if the nation will once again face the disruptive impact of a government shutdown.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

Add to Favorites

Gerik

Economic

Title: Summary: . This divergence highlights contrasting economic strategies among global powers in the face of shifting geopolitical and macroeconomic conditions.

Foreign Holdings of U.S. Treasuries Reach Record High

According to recent U.S. Treasury Department data, foreign holdings of U.S. Treasury securities surged to an all-time high of $9.159 trillion in July 2025. This marked the third consecutive month of record-setting figures, driven largely by strong net purchases from Japan and the United Kingdom. Year-on-year, total foreign holdings rose nearly 9%, reflecting continued demand for U.S. debt as a safe-haven asset.

In stark contrast, China reduced its U.S. Treasury holdings to $730.7 billion, the lowest level since December 2008. For over a decade, China has been gradually offloading Treasuries, aiming to diversify away from the U.S. dollar in its reserves and reduce its vulnerability in trade and currency settlements. Analysts note that slowing economic growth, post-pandemic recovery struggles, and ongoing tensions with Washington have pressured China’s foreign exchange income, compelling more flexible reserve management.

Japan and the UK Lead the Surge

Japan remains the largest foreign creditor to the U.S., with its holdings rising to $1.151 trillion the highest since March 2024. With stagnant domestic growth, low inflation, and ultra-low interest rates, Japanese investors continue to favor the yield stability offered by U.S. Treasuries.

The United Kingdom, now the second-largest holder, increased its holdings by around 5% from June to nearly $900 billion. As a global financial hub, London serves as a critical platform for international asset management and intermediation, naturally boosting its share in U.S. debt instruments.

Volatility in Capital Flows

Despite the surge in bond demand, total foreign capital inflows into the U.S. slowed dramatically in July. Net inflows into U.S. Treasuries were $58.2 billion, reversing a net outflow in June. However, this was still significantly lower than May’s record $147.4 billion inflow, the highest since August 2022.

At the same time, foreign investors sold off $16.3 billion worth of U.S. equities in July after a massive $163.1 billion inflow in June, suggesting increased caution in risk assets. As a result, total net foreign capital inflows into the U.S. fell to just $2.1 billion in July, down sharply from $92 billion the previous month.

Implications and Outlook

The diverging strategies of major global players underscore shifting priorities in global capital flows. While Japan and the UK double down on U.S. Treasuries for their reliability and liquidity, China is pivoting toward reserve diversification, likely favoring gold, bilateral trade arrangements, or strategic investments in emerging markets.

This trend also reflects growing geopolitical fragmentation and the reconfiguration of global financial alignments. If trade and currency tensions intensify, we may witness even sharper moves away from the dollar by nations seeking financial autonomy posing long-term questions about the structure of global reserves and U.S. debt sustainability.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

Add to Favorites

Gerik

Economic

U.S.-EU Trade Ties Strengthen While Reliance on China Wanes

A study by the German Economic Institute (IW) has found that the United States is increasingly dependent on imported goods from the European Union (EU), more so than on those from China. This marks a significant shift in global trade dynamics over the past 15 years.

In 2010, the U.S. had about 2,600 product categories where over 50% of imports came from the EU. By last year, that number had risen to over 3,100. In terms of value, imports from the EU mainly chemicals, machinery, and electrical equipment reached $287 billion in 2024, which is about 2.5 times higher than in 2010.

Meanwhile, Chinese goods accounted for 2,925 categories, with a total import value of $247 billion. This suggests a strategic diversification effort by the U.S., reducing its dependence on China a move widely seen as part of its broader "de-risking" strategy.

A Stronger Negotiating Position for the EU

The findings suggest that European Commission President Ursula von der Leyen could wield a stronger hand in future trade negotiations with Washington. The U.S. has imposed a baseline 15% tariff on most EU goods under former President Donald Trump’s administration tariffs that remain a point of contention.

Given the high dependency on EU goods, the IW study implies that raising tariffs further could be counterproductive for the U.S. economy. Many of the EU-origin products with consistently high import shares are hard to substitute in the short term, making them strategically important.

Strategic Leverage and the Risk of Retaliation

The study also points out that the EU holds potential leverage. If trade tensions escalate, Brussels could restrict exports of goods critical to the U.S. economy as a countermeasure. Although trade data alone may not capture how essential these products are to U.S. buyers, the message is clear: increasing tariffs could backfire.

As co-author Samina Sultan puts it, the research serves as a warning: “If [the U.S.] continues to raise tariffs, they will be shooting themselves in the foot.”

Implications Going Forward

With a shifting geopolitical landscape and upcoming elections in both the U.S. and EU, trade relations are likely to be reevaluated. As the U.S. continues to pivot away from China, Europe’s role as a primary trading partner becomes more prominent suggesting that any future trade strategy must balance economic necessity with political posturing.

In this context, aggressive tariff policies risk disrupting critical supply chains and inflaming tensions with a key ally. The data signals the need for more nuanced trade diplomacy, especially as economic interdependence between the U.S. and EU deepens.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

Add to Favorites

Gerik

Economic

Government Capital Injection and Liquidity Reinforcement

In a significant policy maneuver, the Indonesian government has deployed 200 trillion rupiah approximately 319.132 trillion Vietnamese dong from its fiscal surplus to bolster liquidity in five state-owned banks under the Himbara group. This capital injection, formalized under Finance Ministry Decree No. 276/2025 and effective since September 12, is being routed through the central bank, Bank Indonesia.

The allocations are as follows: Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), and Bank Mandiri each receive 55 trillion rupiah; Bank Tabungan Negara (BTN) receives 25 trillion; and Bank Syariah Indonesia (BSI) receives 10 trillion. The goal is to ease interbank liquidity stress, empower lending capacity, and maintain a healthy equilibrium between credit supply and demand in Southeast Asia’s largest economy.

Measurable Impact: Liquidity Ratios Improve Sharply

Post-injection, liquidity indicators have improved across the system. According to the Financial Services Authority (OJK), the liquidity asset to third-party deposit ratio (AL/DPK) rose from 24.01% on September 4 to 25.57% by September 12. Meanwhile, the liquidity asset to non-core deposit ratio (AL/NCD) jumped from 106.92% to 113.73% during the same period.

Dian Ediana Rae, Executive Director of OJK's Banking Supervision Division, confirmed during a parliamentary session on September 17 that the injection has significantly strengthened the banking sector’s liquidity buffers. These ratios remain well above regulatory thresholds, reinforcing confidence in the system’s readiness for credit expansion.

Banking System Outlook: Credit and Deposits on the Rise

The macro-banking landscape is also showing positive signals. Year-over-year growth for credit and third-party deposits stood at 7.56% and 8.63%, respectively, as of August 2025. This steady growth has pushed the system’s loan-to-deposit ratio (LDR) to 86.03% a healthy level that suggests banks are actively lending but still have room to expand.

According to OJK, the liquidity injected into the system is not just serving as a buffer, but as a catalyst for additional credit disbursement. Strong liquidity ratios give banks the space to lower lending standards modestly and take on more risk, thus accelerating capital formation and domestic demand.

Strategic Use of Fiscal Surplus: Lowering Interest Rates in Focus

Finance Minister Purbaya Yudhi Sadewa stated that the liquidity provision stems from surplus budget funds (SAL) and is part of a broader macro-financial strategy. By increasing available capital within the banking system, the policy is expected to lower interbank lending rates and, in turn, pull down market interest rates more broadly.

He emphasized two expected outcomes: first, a rise in liquidity; second, a gradual decrease in market interest rates, thereby facilitating cheaper borrowing for businesses and households. In essence, the move acts as a quasi-monetary easing measure that doesn’t rely on central bank rate cuts but achieves similar effects through direct liquidity enhancement.

Broader Implications: Pre-emptive Stabilization in a Volatile Environment

This capital injection comes at a time when many emerging markets are navigating tight global liquidity, rising geopolitical risk, and uncertain U.S. monetary policy. Indonesia’s strategy appears to be pre-emptive ensuring domestic banks remain robust and credit channels unblocked, even as external volatility persists.

It also reflects confidence in the ability of state-owned banks to channel liquidity efficiently into priority sectors such as infrastructure, housing, agriculture, and MSMEs. With Bank Indonesia maintaining a cautiously neutral policy stance, fiscal tools like this liquidity deployment become critical for maintaining growth momentum.

Liquidity Now, Lending Later

Indonesia’s injection of nearly 320 trillion VND into state-owned banks is more than a short-term liquidity buffer it is a calculated strategy to unlock credit flow, stabilize interest rates, and reinforce systemic financial health. By utilizing surplus reserves, Jakarta is signaling that it will proactively manage liquidity risks and preserve its status as Southeast Asia’s economic engine.

Whether the move will lead to lower borrowing costs and sustained credit expansion in the quarters ahead depends on complementary policy alignment, especially from the central bank and regulatory agencies. But for now, the liquidity foundation has been laid and the market has taken notice.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

Add to Favorites

Gerik

Economic

Fed’s Policy Shift Offers Breathing Room for Asia but China Treads Carefully

On September 18, the U.S. Federal Reserve cut its benchmark interest rate by 25 basis points to 4.00–4.25%, marking its first reduction since December 2024. In response, central banks across Asia, including China’s People’s Bank of China (PBoC), have been reassessing their policy stance. While the move theoretically offers China more flexibility to ease, analysts believe Beijing will act with continued caution.

The PBoC set the daily midpoint rate of the yuan (CNY/USD) at 7.1085, slightly weaker than the previous fix at 7.1013. The offshore yuan initially appreciated to 7.086 before settling back to 7.107 reflecting the market’s confidence in the yuan’s near-term stability amid global monetary shifts.

Why PBoC Isn’t Rushing to Follow the Fed

While many emerging-market central banks may consider easing policy following the Fed’s move, PBoC is expected to maintain a more measured pace. Ding Shuang, Chief Economist for Greater China at Standard Chartered, anticipates only one additional 10-basis-point cut from PBoC in Q4 2025. He argues that the narrowing rate differential with the U.S. reduces capital outflow pressure, thus supporting the yuan. This alignment, rather than a direct mimicry of the Fed, is shaping PBoC’s cautious approach.

The yuan has already appreciated nearly 3% against the dollar since mid-August, supported by stronger midpoint fixes and market speculation around the Fed’s dovish pivot. These developments have created a favorable external backdrop, but domestic factors remain the PBoC’s key consideration.

Domestic Constraints: Banking Margins and Financial Stability

Robin Xing of Morgan Stanley cautions that China’s monetary easing is constrained by the shrinking net interest margins of banks. A more aggressive rate cut could reduce profitability in the banking sector, potentially weakening credit provision and threatening financial stability. Consequently, the PBoC is more likely to introduce a moderate 10–15 basis-point cut before the end of 2025 only if growth and inflation deteriorate further.

This perspective is shared by analysts at Macquarie, who view another cut as likely, but not imminent. They emphasize that PBoC may hesitate to ease too forcefully out of concern that it could reignite speculation in the stock market, reminiscent of the 2015 equity bubble.

Learning from 2024: Tactical, Not Reactive, Policy Moves

Historically, the PBoC has moved with strategic timing relative to Fed actions. In September 2024, just days after the Fed’s 50-basis-point cut, PBoC responded with several support measures including mortgage rate cuts and a reduction in the required reserve ratio (RRR). But this time, the central bank appears more focused on preserving macroprudential stability.

Larry Hu and Zhang Yuxiao of Macquarie point out that China’s leadership is wary of overstimulating markets, particularly when valuations and investor sentiment are fragile. Thus, rather than mirroring the Fed’s easing cycle, PBoC is pursuing targeted, incremental actions to avoid overheating sectors already vulnerable to speculation.

Economic Outlook: Growth Holding, But Headwinds Remain

China’s GDP expanded by 5.3% in the first half of 2025, on track to meet the official growth target of approximately 5% for the full year. However, recent August data have shown signs of weakness retail sales and industrial production both came in below forecasts, renewing concerns about the durability of the recovery.

The yuan’s strength also introduces a delicate balancing act. Tianchen Xu of the Economist Intelligence Unit notes that the PBoC now appears more focused on preventing excessive appreciation of the currency rather than shielding it from depreciation. This suggests confidence in near-term capital stability, but also highlights the fragility of export competitiveness if the yuan continues to strengthen.

Global Positioning: A Strategic Opportunity Amid Dollar Weakness

As the U.S. dollar continues to lose momentum, Morgan Stanley’s Xing believes China may be facing a strategic window to reassert economic leadership in emerging markets provided it can escape deflationary pressures and reignite entrepreneurship in its industrial sectors. The fading advantage of U.S. growth and rates opens the door for capital to reconsider China, but this will depend on Beijing’s ability to manage policy carefully without triggering instability.

JPMorgan Private Bank’s recent shift prioritizing emerging market equities excluding China indicates that investor caution remains high. For China to regain market favor, monetary policy must be supportive but also credible and measured.

Strategic Caution Over Aggressive Easing

The PBoC’s approach to monetary policy in 2025 reflects a calibrated balance between external alignment and domestic risk management. While the Fed’s easing offers room to maneuver, China is prioritizing currency stability, bank health, and long-term growth quality over short-term stimulus.

As such, any further rate cuts are likely to be limited in size and frequency. The broader message from Beijing is clear: easing, yes but on China’s terms, not Wall Street’s timeline.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

Add to Favorites

Gerik

Economic

Fed’s Rate Cut Reshapes Global Monetary Landscape

On September 18, the U.S. Federal Reserve lowered its benchmark interest rate by 0.25 percentage points to a range of 4.00–4.25%, its first rate cut since December 2024. Fed Chair Jerome Powell hinted at the possibility of two more cuts before year-end, citing risk management and slower economic momentum.

This dovish shift has rippled across Asia, where central banks now find greater policy space to ease monetary conditions. Peiqian Liu of Fidelity International emphasized that the narrowing gap between U.S. and Asian bond yields could reduce currency depreciation risks and provide “additional breathing room” for regional policymakers to cut rates.

Early Movers: Korea, Australia, India Take the Lead

Some central banks in Asia had already initiated pre-emptive easing earlier this year, in part to buffer against tariff uncertainty and slowing external demand. The Bank of Korea slashed rates to a three-year low in May. The Reserve Bank of Australia cut to a two-year low in August, and the Reserve Bank of India reduced its policy rate by a substantial 50 basis points in June.

These decisions reflected domestic challenges but were also a response to shifting global dynamics, especially U.S. protectionist policy under the Trump administration. Despite these moves, analysts note that conditions vary sharply across countries. Domestic inflation trajectories and the delayed impact of front-loaded exports in anticipation of U.S. tariffs remain key constraints.

Stronger Currencies, Softer Inflation Provide More Room

According to Betty Wang of Oxford Economics, the prospect of further easing remains particularly relevant for the Bank of Korea and the Reserve Bank of India. Fears of currency depreciation have proven less severe than expected, and the U.S. dollar’s recent weakness has actually allowed regional currencies to appreciate modestly, easing inflationary concerns.

Chi Lo of BNP Paribas Asset Management supported this view, adding that real interest rates across Asia remain elevated compared to historical norms, creating additional scope for downward adjustments. The overall macro context low inflation, stable financial systems, and a dovish Fed positions Asia for a longer easing cycle in the coming quarters.

India and China: Contrasting Priorities

India presents a unique case. Despite robust GDP growth in the past two quarters, much of it is domestically driven. With global trade facing headwinds, India may prioritize sustaining internal demand through accommodative policy. Peiqian Liu believes further easing is likely as India shifts focus from export resilience to domestic consumption support.

China, however, remains an outlier. The People’s Bank of China kept its short-term policy rate unchanged at 1.4% on the same day as the Fed’s cut. While the Chinese economy has shown signs of weakness retail sales and industrial output missed forecasts in August Beijing is treading cautiously. Authorities are wary of repeating the market excesses of 2015 and are focused on managing asset bubbles, especially in equities and real estate.

Tianchen Xu of The Economist Intelligence Unit pointed out that Beijing's current concern may not be defending the yuan from depreciation but rather preventing excessive appreciation. The offshore renminbi has already risen around 3% against the U.S. dollar in 2025, and further strengthening could undermine export competitiveness.

Japan: A Rare Tightening Candidate in Asia

Japan is also defying the regional easing trend. With inflation exceeding the Bank of Japan’s 2% target for over three years, the BoJ is preparing for rate hikes potentially beginning by the end of this year. This would mark a stark divergence from most Asian peers and indicate Japan’s transition out of its long-held ultra-loose monetary framework.

Despite global headwinds, Japan’s resilient GDP growth and stable job market provide the BoJ with a unique opportunity to normalize policy. Analysts now expect gradual but consistent tightening, in contrast to the expected easing cycle across much of the region.

A Widening Policy Split in Asia

The post-Fed landscape suggests that a majority of Asian economies will lean into monetary easing, driven by soft inflation, slowing global demand, and favorable currency dynamics. However, national differences are increasingly shaping policy outcomes. While South Korea, India, and Australia appear poised for further cuts, China and Japan are charting more cautious or even hawkish paths.

This divergence reflects both macroeconomic fundamentals and political considerations. The pace and scope of monetary easing across Asia will thus remain uneven, shaped by each country’s growth outlook, inflation trend, and exchange rate management strategy.

The Federal Reserve’s policy pivot has opened the door for Asian central banks to reassess their monetary stances. While many are expected to ease further, the region is unlikely to move in unison. For investors and policymakers alike, the next phase of monetary policy in Asia will be defined less by synchronization with the U.S. and more by country-specific trade-offs between growth, inflation, and financial stability.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

Add to Favorites