Asia: Weekly Observatory |
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Economic and Financial Market Highlights With spare capacity, inflation remains in check across the region, although higher food prices and base effects are causing year-on-year CPIs to rise in some cases. Central banks will be watching these trends carefully in the coming months. Australia’s central bank surprised markets this week by pausing on interest rate hikes after retail sales and new building construction data showed that domestic demand weakened as a result of the three previous rate
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