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A surprise rate hike by Indonesia’s central bank underlines expectations that the start of monetary policy easing is looking increasingly far off for many Asian central banks, if it is on the horizon at all.
KUALA LUMPUR: The ringgit is poised to strengthen this year, driven by significant events which could bolster the local currency.
Until recently, Fed officials had been indicating that the time had come to start cutting interest rates in the US. But with inflation refusing to ease, they have turned hawkish.
High rates and war fears hit smaller stocks harder—driving an unusual split in two of the major U.S. indexes.
First Global MD & chairperson expects silver prices to go up more than gold