Persistent inflationary pressure has led to the tightening of monetary stances in major advanced economies and several emerging East Asian economies. Financial conditions in emerging East Asia weakened between 28 February and 9 June amid ongoing monetary tightening and headwinds facing the global and regional economies that are being driven by continued inflation, rising commodity prices, a slowdown in economic growth in the People’s Republic of China due to coronavirus disease (COVID-19) containment measures, supply chain disruptions, and the Russian invasion of Ukraine. […]