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inflation and high interest rates, and banking instability have contributed to this year s gloomy economic forecast stock but it is a global recession is not likely stop business reporter katie silver has been looking into this story for us and joins me now on the programme with the details. great to get you on the show. talk through what you have seen today. 50 talk through what you have seen toda . ~ ., , talk through what you have seen toda . ~ .,, , today. so the imf has seen it has been today. so the imf has seen it has been a today. so the imf has seen it has been a perilous - today. so the imf has seen it i has been a perilous combination of vulnerabilities and they are calling on central banks around the world to keep monetary policy tight and that means high interest rates in order to stave off dental economic crisis or a decrease in economic growth. so the fund has revised their forecast for this year and next, lowering both from what was predicted in janu ....
Inflation, inflation in asia is coming down, headline inflation is coming down, but core inflation is well above central bank tige simmons economies of the region. and we expect core inflation to be sticky. there are a couple of forces at work. one is in asia in many countries, they re closing countries, they re closing close, countries, they re closing close, and significantly back of the position which happened last year. what we find is when inflation is high the exchange can be quite long and hard, so these factors lead us to believe that core inflation or underlying inflation in asia could be sticky, which means that countries in the region have to tackle this by continuing with the base tightening, so higherfor tightening, so higher for longer tightening, so higherfor longer is what we would say is the monetary policy in asia. that is the first factor, the second factor is debt levels in ....