Sandwiched between a rock and a hard place?
![The likely implications of the policy divergence between the Fed and PBOC, especially for the rest of Asia and emerging markets, are complex and non-linear. PHOTO: PIXABAY](/sites/news.smu.edu.sg/files/styles/max_325x325/public/smu/news/bt_20220205_tlrock_4906239.v1.jpg?itok=SQ9Rl00h)
In a commentary, SMU Sim Kee Boon Institute for Financial Economics’ principal researcher Thomas Lam and the institute’s director Professor David Fernandez highlighted the ongoing hoo-ha surrounding central bank policy globally as the divergence between the Federal Reserve and People’s Bank of China intensifies.
Source
The Business Times