Interest rate rises off the table as Asian economies try to curb speculation and asset prices

Since the US Federal Reserve is unlikely to raise policy rates soon, Asian central banks' ability to take the lead in raising interest rates is limited Instead, macroprudential policies that target credit growth and build buffers to protect the banking sector and borrowers can help prevent overheating As the US Federal Reserve is unlikely to raise rates soon, Asian central banks' ability to take the lead is limited. Instead, policies that target credit growth and build buffers to protect the lenders and borrowers can help prevent overheating. The global Covid-19 pandemic has led to another round of ultra-loose monetary policy…