BFM Podcast
Higher For Longer Interest Rates Dragging Down Yen And EM Currencies
07-Sep-23 07:00
Vishnu Varathan, Head of Economics & Strategy, Mizuho Bank
The US dollar is soaring on the back of expectations that US interest rates will stay higher for longer, putting pressure on currencies including the Yen and Renminbi. We contrast the responses of the Bank of Japan and the People's Bank of China with Vishnu Varathan of Mizuho Bank.
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