It's probably one of the necessary conditions. If you don't have inflation falling, it's unlikely that authorities could lower the interest rate.
More Quotes from Ping Chew:
Most banking systems in the Asia-Pacific region have improved their credit profiles, thanks to stable economic conditions and continuing structural improvements. This is in spite of rising oil prices and interest rates threatening the broader economic recovery.Ping Chew
Regional growth prospects are projected to support credit quality, with trend growth rates likely to be maintained and some upside potential in China, India, Pakistan, and Vietnam. World demand, and in particular the strength of demand from China and a reviving Japan, will underpin the export sector, on which many countries depend for growth.
Ping Chew
There are some political uncertainties and this is unfortunate. If this remains unresolved, it could impact policy and reform efforts. It could induce negative sentiment.
Ping Chew
India has the poorest financial position but it has the ability to consolidate and be investment grade.
Ping Chew
Generally, (Indonesia) is still gradually improving. When we had the positive outlook, we thought it was improving faster.
Ping Chew
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