Emerging Asia's central banks likely to be on hold

The NBH announced the end of the cut cycle two months ago, and even though inflation has dropped and growth has slowed, it is too soon to consider further cuts.

"In EMEA, CBT is expected to remain on hold. Also, Hungary, Czech and Israel are likely to remain on hold.  In Israel, BoI appears to be less likely to cut than before, while it will continue maintain its preference for weaker ILS", says Barclays. 

Finally, in Czech, CNB is expected to keep its policy rate on hold at 0.05% and its one-sided exchange rate peg at EURCZK at 27.