India's RBI holds rates steady, while Morgan Stanley predicts Asian central banks to start cutting rates from late June.

India's RBI holds rates steady in line with market expectations, while global brokerage Morgan Stanley predicts Asian central banks will begin cutting rates from late June onwards. Morgan Stanley's forecast suggests that if rate cuts are delayed until Q1 2025 or later due to Fed rate cuts or supply concerns pushing oil prices up, it may pose risks. With 80% of Asia's economies already experiencing inflation within or below the pre-pandemic range, real rates have risen to five-year highs.

April 10, 2024
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