The RBI is taking a cautious approach as it sees GDP slowing in the fiscal year 2026/7 to 6.9% from 7.6% amid higher prices as a result of the war in the Middle East.
As Australia rolls out the new reporting system for CPI, the central bank is now less likely to cut interest rates at its next meeting in December; some market commentators are now expecting rates to rise in 2026.
Surveys show Hong Kong's SMEs facing rising costs, late payments, a tight credit stance from banks, and tariffs, despite an overall economic recovery in the SAR; bad weather has also been an issue this summer.
The US Fed has kept the interest rate unchanged while the US has agreed a 15% tariff rate with South Korea; the BOJ is anticipated to keep interest rates steady this week.
Jul 30, 2025
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The pause in rate hikes was meant to bring relief. Instead, Asia’s treasurers are confronting a new kind of uncertainty – one where FX volatility, not funding cost, is driving strategic risk decisions.
Stock markets have fallen sharply and global recession risks have climbed as US import tariffs could rise to the highest level in a century on April 9; a weaker dollar could help address US trade deficits.