Chair Janet Yellen speaks at a press conference after announcing that the Federal Reserve will not raise interest rates in Washington on Wednesday. The Fed also projected a less aggressive rise in interest rates next year and in 2018, and cut its longer-run interest rate forecast to 2.9% from 3%. The Philippine central bank left its benchmark interest rate unchanged at 3% on Thursday, expecting inflation to remain subdued. Indonesia's central bank on Thursday cut its benchmark interest rate for the fifth time this year, in line with expectations. Asian shares rose, with MSCI's broadest index of Asia-Pacific shares outside Japan up 1.2%.

Source: Bangkok Post September 22, 2016 10:52 UTC