March 10, 2022- 8:32 p.m.
Southeast Asia escapes worst of global interest spikes
Record-low benchmark interest rates in Southeast Asia have kept yield curves between 1 and 2 deviations above the five-year mean, in contrast to Latin American, Central and Eastern European markets, according to Bloomberg analysts.
Energy costs have hit other regions harder – Malaysia in particular has remained relatively unscathed as an oil exporter – while less wheat dependency has softened the blow other regions are feeling.
Malaysia and Indonesia were ranked in the top five of 19 emerging markets in Bloomberg’s gauge of local currency govt bonds.
