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Bloomberg survey predicts the end of interest rate cycle for Asian banks in Q1/2023

Asian central banks are expected to achieve their goal of containing inflation by raising interest rates, allowing them to end their rate hike cycle after around 0.25-0.50% hikes this quarter.

Analysts expect the central banks of Thailand, the Philippines, and Indonesia to raise interest rates by a total of 0.50% in the coming months before stopping them thereafter. Meanwhile, Malaysia’s central bank is expected to end its rate hike cycle after another 0.25% hike.

The U.S. Federal Reserve (Fed) signaled a slowdown in monetary tightening amid concerns about a weakening global economy. Analysts expect central banks in Southeast Asia to end their rate hike cycle in the first quarter of this year.

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