Asian markets suffer further losses as central banks turn screws


Monetary policymakers have been forced to go on the offensive after central banks around the world ramped up interest rates. – Pixabay pic, September 23, 2022.

ASIAN markets fell again today as part of a global sell-off fuelled by recession fears after central banks around the world ramped up interest rates to fight decades-high inflation. 

With price rises showing no solid sign of letting up, monetary policymakers have been forced to go on the offensive, warning that short-term hits to economies are less painful than the long-term effects of not acting. 


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