US Fed cuts may force India to ease rates: Merrill Lynch (Indian Express Finance via Yahoo! India News)

Story date: 2007-11-22 01:21:06
Added on: 2007-11-23 05:17:37

If the US Fed continues to bring down rates, a number of Asian central banks-India, the Philippines and Thailand - may actually be forced to cut policy rates to compress differentials, according to US investment bank Merrill Lynch. While China, Korea and Taiwan are expected to hike rates, most others will likely be on hold until interest rate arbitrage threatens runaway currency appreciation. ...


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