ASEAN banks grapple with uncertain U.S. Fed interest rate cuts

SINGAPORE — Banks in the Association of Southeast Asian Nations are grappling with uncertainty over their loan books as evidence of persistent inflation leads central banks to refrain from slashing interest rates, increasing pressure in the financing business.

The U.S. Federal Reserve has signaled a slower path to monetary easing, putting lenders in the 10-member bloc on alert for the potential impact on customers servicing payments, as well as on lenders’ efforts to manage payouts to depositors.

Source: NIKKIEASIA