0710 GMT - Central banks in Asia-Pacific likely have limited room to ease as rates return to more neutral territory and currencies remain under pressure, S&P Global economists say. Regional central banks have delivered an average of 65 bps of cuts so far this year versus 40 bps last year, bringing policy rates close to S&P's estimates of neutral levels--neither stimulating nor restricting the economy. APAC rates being relatively lower than in the U.S. makes it harder to keep capital in the region, and FX weakness will likely reduce several central banks' willingness to ease. There is also no pressure coming from the inflationary front, and S&P expects consumer inflation to remain mostly low in APAC amid moderate energy prices and the redirection of exports away from the U.S. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
November 25, 2025 02:10 ET (07:10 GMT)
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