S&P: Central banks to remain cautious despite US rate relief

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KUALA LUMPUR: Central banks in the Asia-Pacific region are unlikely to implement aggressive rate cuts due to relatively low interest rates compared to the US, as well as domestic factors such as high housing prices and elevated debt levels.

S&P Global Ratings noted that following the U.S.

China's growth outlook has weakened because of a persistent property downturn and low consumer and business confidence.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIndonesiaPhilippines

Topics: Asia Pacific GDP Banking Central bank /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 10:20:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 312 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22681427

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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