Currencies from the rest of Asia have fallen back sharply following today’s drop in the renminbi to below 7.0 against the US dollar, and are likely to weaken further over the coming months. While weaker currencies are unlikely to stop central banks from cutting interest rates again this year, they are likely to make them more cautious, especially in Indonesia.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services