Goldman Sachs: The strong dollar combined with Trump's tariff threats slows the pace of interest rate cuts by Asian central banks

Goldman Sachs Group pointed out that due to the strengthening of the US dollar and the tariff policy risks of the Trump administration, Asian central banks will adopt a cautious attitude towards further easing of policies. It is expected that the Bank of Korea will not cut interest rates this week, and Indonesian officials have also warned that the space for rate cuts is limited. Andrew Tilton, Chief Economist for Asia Pacific at Goldman Sachs, stated that tariff policies and the US dollar exchange rate are crucial for the decision-making of Asian central banks, and if tariff measures are implemented, the renminbi exchange rate may face downward pressure