Showing 1 - 8 of 8
It'll take more than patriotism to save the ringgit
News, Daniel Moss, Published on 28/03/2024
» Malaysia wants to be great again, at least in foreign exchange. The nation's currency recently approached a level seen as near-catastrophic during the Asian financial crisis of the late 1990s. Authorities insist the ringgit is way too cheap and blame forces outside the country, chiefly high interest rates in the US. The remedies are modest, compared with the shock therapy meted out a couple of decades ago.
Global rate-cut debate unfolding
News, Daniel Moss, Published on 19/01/2024
» From villains to heroes. If there's one theme that has dominated markets in the opening days of the year, it's been breathless speculation about which central bank will cut interest rates first and by how much: It's no longer if but when. There's little doubt that borrowing costs will be lower in many key economies well before the end of 2024. Even the notoriously hawkish Bundesbank is on board.
The danger of talking down immigration in Oz
News, Daniel Moss, Published on 11/01/2024
» Pre-pandemic Australia looks like hallowed ground that the contemporary economy will struggle to surpass. For local officials who aspire to take a crack at emulating a celebrated decades-long expansion, it's important not to downgrade a vital component that's become radioactive: immigration. The country's politicians are showing a worrying lapse in memory.
Singapore gives financial optimists some succour
News, Daniel Moss, Published on 17/10/2023
» To hear it from Singapore, the global economy is a glass half full. The central bank's latest assessment skips some of the pessimism that's been a feature of communications this year. If this hub for trade and capital is right, then the global expansion will live to fight another day.
Asia's very complicated pause in interest rates
News, Daniel Moss, Published on 07/03/2023
» Interest-rate pauses aren't exactly in trouble, but things are beginning to look awkward for officials eyeing a decent break. World growth isn't falling off a cliff and inflation has failed to ease up quite as expected in some big economies. The more fortitude the expansion shows, the greater the risk of a policy mistake. At least last year, the direction of policy was abundantly clear.
Downturn doesn't mean disaster
News, Daniel Moss, Published on 10/01/2023
» The new year has been rung in by a buildup of recession chatter. From Washington to Singapore, anxiety about a downturn is intensifying. While there are good reasons to be dour about the prospects for the global economy, 2023 doesn't have to be a write-off. It could even turn out relatively well, given the prevailing pessimism.
China stabilising the yuan is weirdly remarkable
News, Daniel Moss, Published on 05/07/2018
» Trade conflicts may not be as easy to win as Donald Trump asserts. His principal target, China, is the victor in the war of public relations.
Stanley Fischer and the IMF changed Asia for good
News, Daniel Moss, Published on 13/09/2017
» As he steps down as vice chair of the US Federal Reserve, Stanley Fischer has been saluted for his overall contribution to central banking. His complex legacy after transforming key Asian economies should not be forgotten.