Financial conditions in emerging East Asia slightlyweakened from 1 March to 31 May on a delay in theexpected rate cut in the United States (US).1The widelyexpected US rate cut in June was delayed due to a slowerthan-expected disinflation path and related uncertainty.Higher-for-longer interest rates in the US pushed upbond yields in both advanced economies and emergingEast Asia, and contributed to a strengthening US dollarand widening risk premiums in most regional marketsduring the r
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