according to the media Wednesday (22nd) reported that the debt crisis in Europe and United States economic slowdown are suppressing demand for Asian exports, even witnessed inflation weakened domestic spending, slower export demand also provide an excuse to the Asian central banks to slow down the pace of interest rate.
the latest data show that India and Thailand export growth has slowed. Switzerland Credit (Credit Suisse Group AG), because United States subdued pace of economic growth, China's exports likely to halt this summer.
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Banking Corporation (HSBC) in Hong Kong Newman (Frederic Neumann) said: "If the economic data continues to deteriorate in Western countries, Asian central banks could abandon its policy of austerity, we believe that this will eventually stimulate inflation to rise further. "
fed in Australia (RBA) on Tuesday (21st) says in the minutes of meetings, will measure the European debt crisis and the domestic economic growth and inflation rise is expected to decide whether to raise interest rates. Since October 2009 after interest rates seven times, Australia always sit on the fed in the last six meetings.
Australia fed minutes, data for these months do not increase the urgency of fed adjusted monetary policy, international economic downside risks slightly more visible.
Greece debt default risk as well as the United States slowing economic growth has boosted demand for Treasury bonds, indicating that investors are lower for high yield of the desired. Because the market is increasingly worried about Europe's debt crisis led to Australia the most rapid pace of economic growth in a decade derail, Australia two-year continuous rise in bond prices, and is expected to hit the collapse of Lehman Brothers (Lehman Brothers Holdings Inc.) The longest rally since the fall, government bond yields decreased in 21st 28 basis points, to 4.63% in the lowest since March 31.
Switzerland Credit Embassy Singapore Deepak Agrawal, fixed income Strategist (Ashish Agrawal) said: "If the Asian central banks continue to wait, but remains committed to tighten policy, it means that the demand for short-term government bonds would appear even more good. "
