, Columnist
Asian Banking Is About to Get Interesting
Low global inflation and a cautious Fed have let Asia's monetary policymakers behave predictably. Not for long.
Wake up, central bankers.
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A period of tranquility in Asian central banking appears to be ending, and that's not a bad thing.
India and Indonesia are probably done cutting interest rates. Their next steps are likely to be hikes, with the Philippines following suit. While these nations' central banks are minnows relative to the Bank of Japan and People's Bank of China, their rate decisions would show that emerging-market policymakers expect their economies to heat up after a long period of calm.
