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Emerging Asia Chart Pack (July 2024)

Our Emerging Asia Economics Chart Pack has been updated with the latest data and our analysis of recent developments.

Most central banks in Asia have left policy rates unchanged since bringing their tightening cycles to an end in the first half of last year. But with GDP growth likely to struggle and inflation set to remain low, policymakers are likely to start cutting interest rates soon. We think the central bank in the Philippines will be the next to loosen policy and have pencilled in an August cut from the BSP. Overall, we expect most central banks to cut rates by 50bps-200bps between now and the end of next year.

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