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, the European Central Bank and the Bank of Japan may continue their monetary-easing stance. Likewise, many central banks in Asia may cut their policy rates to support their economic recovery. For

accommodative stance relatively intact in light of easing inflationary pressures amid weakening oil prices in the global market. In Thailand, economic growth for 2019 is expected to decelerate to a range of 3.5

in late July, and other Asian monetary policymakers followed suit in a bid to sustain their economic growth while also signaling their readiness for more easing if needed during the remainder of this

for tapering or ending their quantitative easing stance at the end of the third quarter of 2018. Given this, several emerging economies including those in Asia may be challenged by fluctuating

balance sheet, whereas the European Central Bank was gradually tapering its quantitative easing stance through reduced monthly asset purchases. Likewise, several other central banks signaled steps to be

, whereas the European Central Bank and the Bank of Japan may opt for tapering of their quantitative easing stance. Against this backdrop, interest rates in several countries are likely to be on an upward