Barclays: Amid ongoing Middle East conflicts, Asian central banks are likely to keep policies unchanged in the short term

Golden Ten Data reported on April 13 that four members of the Barclays Bank research division for fixed income, foreign exchange, and commodities stated in a research report that during the Middle East conflict, Asian central banks are likely to maintain their current monetary policies in the short term. They said that the Monetary Authority of Singapore may keep its policy unchanged this week, noting that the Monetary Authority of Singapore seems more concerned about the risk of extreme negative growth than about inflation. Meanwhile, unless the US dollar depreciates significantly against the Indonesian rupiah before this month's Bank Indonesia meeting, Barclays does not believe that Bank Indonesia can quickly resume its rate-cutting cycle. In addition, the central banks of Thailand and the Philippines, which are also scheduled to meet this month, are expected to maintain their current stance as well.