With the US tariff wall up, the balance of risks is tilted towards downside to growth in Asia. Policy rates are likely to fall by a further 75-100bp in the Philippines and India, and 50bp elsewhere.
What is covered in the Full Insight:
Introduction
Impact of US Tariffs
Monetary and Fiscal Policy Responses
Risks to Asia's Growth
Conclusion
Boomeranged on Thu, 22 May 2025 10:03
Bank Indonesia acknowledged the growth risks with another 25bp cut, and more easing is clearly on the way. But with risks tilted towards downside to growth, Asian central banks need to move faster.