Asia: votes of confidence

- "After a brief pause in June, Asia’s central banks are tightening again"
- "In the past two weeks, Taiwan, India, Malaysia and Korea have all hiked interest rates"
- "This is bread-and-butter economics. GDP in Asia is far above precrisis levels; inflation is nearly back to average. Interest rates must return to normal too, and they are"
- "The rate hikes are a loud vote of confidence from Asia’s central banks that growth will continue, despite weakness in Europe (and more generally, the G3)"
- "The world has not decoupled. The G3 matters, but Asia matters more"
DBS Economics 20100709

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