Inflation moderating in Asia, central banks may start cutting interest rates by Q4 2023: Morgan Stanley Report
Image Credit: the print
Inflation in Asia is moderating and the central banks in the region are likely to cut interest rates to support economic growth come the fourth quarter of 2023 (October-December), Morgan Stanley said in a report. The global investment banking firm said Asia's inflation has already peaked in September 2022 and is on the disinflation path.