Goldman Sachs: Affected by the risk of US tariffs, it is expected that the pace of interest rate cuts in Asian countries will slow down

Goldman Sachs Group said Asian central banks would proceed cautiously with further easing given the strength of the dollar and the risk of tariffs imposed by the Trump administration. Goldman Sachs does not expect the Bank of Korea to cut interest rates further this week, according to Andrew Tilton, chief Asia-Pacific economist at Goldman Sachs. Last week, Indonesian officials have warned that the room for lowering borrowing costs has narrowed due to political developments in the United States. "With tariffs likely coming and the dollar near multi-decade highs, we think the pace of rate cuts will be quite slow," Mr. Tilton said. "I think the dollar is also an important factor because currencies and currency stability are very important to Asian central banks."