Goldman Axes Indonesia Rate-Cut Forecasts, Flags India Hikes

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Goldman Sachs has revised its monetary policy forecasts for several Asian economies due to rising energy prices and inflation caused by the US-Israeli war on Iran. The firm no longer expects Indonesia to ease rates this year and now anticipates rate hikes in India and the Philippines. Additionally, Goldman Sachs foresees further tightening in Singapore and another rate increase in Australia.

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