Commentary

Asia-Pac's triple rate cuts send call to action

Shifts speak volumes about how fast and how far economic landscape has moved recently

Get on with it. And if you want to stand out in these times, offer a surprise to boot. That is the message from three very different central banks in a trio of equally divergent Asia-Pacific economies.

The authorities in India, New Zealand and Thailand all cut interest rates earlier this week. Each defied consensus in its own way: the first two with the magnitude of reductions, the third by cutting at all.

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A version of this article appeared in the print edition of The Straits Times on August 09, 2019, with the headline 'Asia-Pac's triple rate cuts send call to action'. Print Edition | Subscribe