'I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable,' one strategist told CNBC.
. The Bank of Thailand's rate cut was the first in four years, while the Reserve Bank of New Zealand's larger-than-expected easing brought lending rates to an all-time low of 1%.Thailand's finance minister on Friday announced a planned $10.2 billion government spending package, to counter the slowdown from the U.S.-China trade war andMore emerging Asian economies could follow suit.
"You may see governments intensify fiscal spending alongside lower rates ... I think there'll be pressure on governments across Asia to bump up fiscal spending through infrastructure and other fiscal measures," Kotecha said.may result in inflation due to food supply shocks, said Prakash Sakpal, Asia economist at Dutch bank ING. Should the central bank continue to ease monetary policy and cut interest rates, overall inflation could climb further and potentially hurt the economy.
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