[Julius Baer: Most Asian Central Banks Likely to Hold Rates Steady] Magdalene Teo, Asia Fixed Income Analyst at Julius Baer, noted in a report that with renewed escalation of tensions between the US and Iran, most Asian central banks are likely to maintain their current interest rates and remain hawkish. The report stated that economic growth in Asia is expected to slow this year due to supply chain disruptions and the ongoing impact of global energy price shocks, putting pressure on both consumers and traditional industries. Teo anticipates that the central banks of Japan, South Korea, Indonesia, and the Philippines will maintain a hawkish stance. She stated, "However, if US economic data continues to weaken, a weaker dollar could provide some room for Asian central banks to support economic growth."
