by Asian Development Bank (Author)
This edition analyzes how financial conditions weakened and bond yields rose in most emerging East Asian markets between 1 September and 10 November amid expectations that the United States Federal Reserve would keep interest rates elevated for an extended period.
The report covers the Association of Southeast Asian Nations; the People's Republic of China; Hong Kong, China; and the Republic of Korea. It explains how overall risks to regional financial conditions remain balanced, with downside risks emanating from high interest rates potentially offset by expected moderation in inflation in 2024. The report also discusses recent developments in local currency bond markets and includes summaries for each of the region's individual markets.