Photo: AP

What the US Fed’s interest rate cut means for Asian consumers

  • The last time the Fed slashed rates, central banks from India to Indonesia followed suit. Experts expect a similar response this time
  • And that’s a good thing – but there are caveats
Topic |   US Federal Reserve

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Photo: AP
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Should it be just the world’s central bankers who are doing all the heavy lifting to stave off the supposedly impending global recession? Illustration: SCMP

The Fed fallacy: why Asia follows US interest rate cut at its own risk

  • If regional central banks follow the US Fed in slashing lending rates, going too far, too soon could leave them dangerously exposed
  • Economists say better options, like fiscal stimulus and structural reform, are being overlooked, as is the real drag on growth – Trump’s trade war on China
Topic |   Global monetary policy

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Should it be just the world’s central bankers who are doing all the heavy lifting to stave off the supposedly impending global recession? Illustration: SCMP
READ FULL ARTICLE