Magdalene Teo, Asia fixed-income analyst at Baosheng Group, says renewed US–Iran tensions make most Asian central banks likely to keep policy rates unchanged while retaining a hawkish bias. She cites persistent supply‑chain disruption and higher global energy prices as drivers of slower Asian growth this year, weighing on consumers and traditional sectors. Teo expects the central banks of Japan, South Korea, Indonesia and the Philippines to remain hawkish but says a sustained US data slowdown an

Magdalene Teo, Asia fixed-income analyst at Baosheng Group, says renewed US–Iran tensions make most Asian central banks likely to keep policy rates unchanged while retaining a hawkish bias. She cites persistent supply‑chain disruption and higher global energy prices as drivers of slower Asian growth this year, weighing on consumers and traditional sectors. Teo expects the central banks of Japan, South Korea, Indonesia and the Philippines to remain hawkish but says a sustained US data slowdown and a softer dollar could give Asian central banks limited scope to ease policy to support growth.