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Call For Asia Cooperation To Manage Fed Rate Hikes-Herald

CHINA PRESS
MNI (Singapore)

Countries in Asia can cooperate in coordinating the pace of monetary policies to ensure economic and financial stability in the region, rather than simply following the U.S. Fed rate hikes, the 21st Century Business Herald reported citing Zong Liang, chief researcher of Bank of China Research Institute. Countries may rely on capital controls and adjusting the settlement currency to weaken the extensive link with the U.S. dollar, Zong added.

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