The minutes of the Bank of Korea’s May monetary policy meeting, published this week, confirm that the central bank is becoming increasingly concerned about the growth outlook. And with inflationary pressures continuing to ease, we don’t think it will be long before the central bank starts to cut interest rates.
Meanwhile, GDP figures published earlier this week show that Sri Lanka’s economy suffered another double-digit decline in the first quarter of the year. However, with tourism rebounding strongly, inflation falling back sharply and industrial production rebounding, the worst for the economy now appears to be over.
Asia Drop-In (22nd June): We’re discussing inflation and the BOJ, slowing Indian growth and the next regional central bank to cut rates in our latest 20-minute briefing on the region’s big macro and market stories. Register now.
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