ADB head says forex intervention among tools for emerging Asia amid US rate hikes

ADB head says forex intervention among tools for emerging Asia amid US rate hikes

Photo: Eric Prouzet/Unsplash

Capital controls and currency intervention are among the tools emerging Asian policymakers can use if rapid US interest rate hikes and a surging dollar risk triggering a debt crisis, Asian Development Bank President Masatsugu Asakawa said on Friday.

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