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Economy

Asian central banks move toward policy normalization

Strong economies and Fed hikes provide nudge, but US-China friction looms

Singapore's central bank said in a statement on April 13 that exports will continue to drive growth.   © Reuters

SINGAPORE -- Central banks in Asia are moving toward normalizing their monetary policies, as they believe that their economies will keep growing strongly for some time.

The shift also stems from concerns that rising U.S. interest rates will make their currencies less attractive and lead to capital outflows.

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