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The Asian Development Bank President on Fed aggressive tightening

The Asian Development Bank President on Fed aggressive tightening

ADB President Asakawa:

  • aggressive US monetary tightening could cause abrupt reversal of capital flows
  • We are already seeing the risk of aggressive US monetary tightening to fight inflation may trigger sharp currency depreciation

Well, yeah. He's not wrong but this is not new news.

This article was written by Eamonn Sheridan at forexlive.com... Read More
Posted: Dec 2 2022, 01:41
Author Name: forexlive
Views: 111450

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