Trump versus Xi: The pain has only just begun in Asia

Central banks adjust interest rates in orderly, deliberate ways to fine-tune economies, except when they veer abruptly and inspire more panic than confidence.

Wednesday's surprise easings in Thailand, India and New Zealand exemplify the latter, a preview of the economic disruption to come in Asia as the United States-China friction intensifies.

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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 'Trump versus Xi: The pain has only just begun in Asia'. Print Edition | Subscribe