By Natasha Brereton-Fukui
SINGAPORE--DBS Group Holdings Ltd. (D05.SG) Chief Executive
Officer Piyush Gupta said Wednesday that he expects western central
banks to ease policy further in the near future, causing volatility
in Asia.
Addressing clients in Singapore, Mr. Gupta said he saw quite a
high likelihood of the U.S. Federal Reserve implementing another
round of stimulus in the next couple of weeks, given recent
lacklustre data.
"If there's monetary policy easing in Europe or in the U.S., as
I think there will be, then you will see again in Asia a whole
flood of money coming in like happened last year in July and
August," Mr. Gupta said.
"When a lot of money flows into Asia, that plays havoc with
currency rates and interest rates. And therefore, there is a case
to expect to see volatility in currency rates and interest rates on
the back of easing policy in the West," he said.
Write to Natasha Brereton-Fukui at
natasha.brereton-fukui@dowjones.com
