This is via a short piece from Reuters on emerging market divergence from developed markets on monetary policy.

Its a good summary and worth checking out, I pulled out this section on the People's Bank of China though. The PBOC recently eased policy a little (via a cut to reserve requirements) and glancing at the chart Reuters post its suggestive that such cuts are rarelt a 'one and done', i.e. there is further easing (via RRR cuts) ahead:

pboc rrr cuts history

Link to the Reuters article here