Central banks in the Philippines, Korea and Vietnam have cut their policy rates over the past month in response to the deterioration in global demand. Q2 GDP data out so far in Asia have been soft, mainly due to weakness in exports. Given our view that the euro-zone is set to intensify and that global growth will remain weak, we expect further rate cuts across the region this year. Consumer price inflation is falling in most countries and should not be a barrier to policy easing.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services