Skip to main content

Central banks to start cutting rates by year-end

High interest rates and weak export demand will weigh on the region’s economies this year, and we expect below-trend and below-consensus growth in most countries in 2023. The exceptions are China, which has rebounded strongly on the back of a reopening boost from the pandemic, and a few tourist destinations that will benefit from a wave of returning Chinese visitors. Emerging Asia’s central banks have started to bring their tightening cycles to a close. With growth set to struggle and inflation falling back, we expect countries to start loosening monetary policy in the second half of the year. 

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 gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access