Even as most EM central banks outside of Asia started lowering interest rates a year ago, those within the region have kept their powder dry. That could be about to change. As growth slows, inflation returns to targets and currencies recover, the conditions are now in place for central banks across the region to start loosening monetary policy. But which will cut first?
Ahead of policy meetings in Indonesia, the Philippines, Thailand and Korea, economists from our macro and markets teams discussed the region’s policy outlook and the implications for financial markets.
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