From the the Financial Times (gated, but can be read with a free registration): Asian central banks seen eying rate cuts
- PBOC rate cut has raised expectations that other Asian central banks will cut
JP Morgan say:
- “On balance, we think it is a mistake to view this as part of a currency war. Rather Japanese policy is working together with falling global inflation to spark a turn toward easing in regional monetary policy.”
- Thailand, India, and South Korea as those most likely to move towards looser monetary policy