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And Vishnu Varathan, at Mizuho Bank, told Bloomberg Television that equities were struggling because officials "probably can't ignite spirits to the same extent where stimulus will get them into high growth multipliers".
Source: https://www.legit.ng/business-economy/1540838-asian-markets-fall-traders-eye-rate-hikes/
“The need for ‘higher for longer’ rates was made plain," said Vishnu Varathan of Mizuho Bank in a report.