Asian central banks are hiking rates to mitigate inflation and currency weakness triggered by a more hawkish Fed and global market shifts. Markets are also closely watching MSCI's potential downgrade of Indonesia's market status.
Key Takeaways
- 1.Central banks in the Philippines and Indonesia hiked rates by 25bps to address inflation and FX weakness.
- 2.The US Dollar strengthened alongside a hawkish Federal Reserve under new Chair Kevin Warsh.
- 3.MSCI flagged concerns over Indonesian market accessibility, threatening a downgrade from emerging to frontier market status.
Table of Contents
- Market Highlights
- Ahead Today
- INDICATIVE RATES 18-Jun-2026
- Disclaimer
- CERTIFICATION
- DISCLAIMERS
- Legal entities and branches
- General disclosures
- Country and region specific disclosures
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Authors
Michael Wan
Securities
USDJPYEURUSD
Themes
Monetary Policy TighteningFed Policy Shift
Regions
Asia PacificUnited StatesPhilippinesIndonesia