Broader evidence of the shift in central bank thinking will be on hand later in the day as central banks in Indonesia, Norway, Switzerland and Britain review policy. "It definitely complicates life for those central banks that either needed to or wanted to cut rates." Mr Condon was expecting Indonesia's central bank to cut rates twice this year, but says he is now "uneasy" about that call. The Fed's raise was not the only piece of news that could encourage the world's central banks to a firmer stance. The dilemma for the world's central banks is that markets driven by the Fed's lead will force them to respond, regardless of domestic conditions.

Source: Bangkok Post March 16, 2017 09:33 UTC