Goldman Sees Slower Pace of Asia Rate Cuts on US Tariff Risks

Asia’s central banks will proceed cautiously with further policy easing given strength in the greenback and the risk of Trump administration tariffs, according to Goldman Sachs Group Inc.

The Wall Street lender sees the Bank of Korea holding fire on a further reduction to interest rates this week, Andrew Tilton, the firm’s chief Asia Pacific economist, said. Already last week, officials in Indonesia warned of less scope for lowering borrowing costs due to US political developments.