Why These Countries Don't Want to Join the Global Easing Club

Here are four Asian central banks bucking the global rate-cut fervor: Malaysia, Taiwan, Thailand and the Philippines have held off easing in recent months even as peers respond to the risks of disinflation, deflation and a slowdown in China, the main economic engine of Asia.

China, India, Indonesia and Singapore have already joined the easing spree. Elsewhere in the Asia-Pacific region, Australia on March 3 signaled it might need to ease again after unexpectedly holding the key rate steady this month. South Korea's central bank is also tipped by economists to cut rates in the next few months after last easing in October.