GPR/APREA Index Report - August 2022

For REIT markets in the region, July’s rally lasted until the Jackson Hole meeting in August. The Fed reiterated its hawkish stance in its annual symposium, which sparked a selloff in the region’s markets. Geopolitical tensions also cast a pall on the region’s equities. Most central banks in the region continued to raise rates to keep pace with the Fed and rein in inflation; Thailand and Indonesia raised their respective policy rates for the first time in almost four years to join the list of central banks that are unwinding Covid-induced stimulus measures.