Goldman Sachs: Due to the impact of US tariff risks, it is expected that the pace of interest rate cuts in various Asian countries will slow down

Goldman Sachs Group stated that, given the strengthening of the US dollar and the risk of tariffs imposed by the Trump administration, central banks in Asian countries will cautiously advance further easing policies. Goldman's chief Asia-Pacific economist Andrew Tilton said that Goldman expects the Bank of Korea will not cut interest rates further this week. Last week, Indonesian officials had already warned that due to developments in U.S. politics, room for lowering borrowing costs has been reduced.

Tilton stated, "With potential tariffs on their way and with the dollar near its highest point in decades, we believe that rate cuts will be quite slow. I think the dollar is also one of important influencing factors because exchange rates and exchange rate stability are very important to central banks across Asia."