BBCNEWS Asia Business Report June 4, 2024 01:34:00
Growth has held up but it is slowing, so we think the central bank will be looking ahead and perhaps in the latter half of this year will start cutting rates after having hiked them over the present cycle. why have these countries not been dealing with the stubborn inflation rates that other countries have, like turkey, for example? first of all food price inflation hasn't been as high in asia, that's in large part because we tend to eat more rice than wheat, which hasn't been as affected by globalfactors. a number of subsidies, in indonesia there's been fewer subsidies. also core inflation ha...