Traders accustomed to aggressive interest-rate hikes across Asia are now seeking to gauge when the region’s central banks will begin cutting, a pivot that would potentially support a nascent rally in bonds.
Central banks across emerging Asia raised rates forcefully over the last year to combat stubborn inflationary pressures, with borrowing costs in economies such as South Korea and the Philippines rising beyond their highest levels in a decade.
Read More : Policy Pivot Triggers Rate-Cut Bets across Emerging Asia