Asian Central Banks Vulnerable As Rates Rise

Much of Asia, the continent where Hayman Capital’s Kyle Bass among other hedge fund managers who have sold major central bank policies short, is “vulnerable as risks rise,” a Credit Suisse report notes. Indeed, Asian Central Banks in several countries are at risk amid rate hikes, the report argues. Asian central banks likely pulling back “accommodation” “Global rate support,” a euphuism for central bank policy to suppress interest rates, is in retreat in Asia, as a “few central banks hint that accommodation could be scaled back earlier than expected.” Pulling back the polite sounding rate “accommodation” is likely to push interest…