Asia's tepid economic expansion paired with persistently weak inflation figures have made a compelling case for central banks to lower interest rates. But here's the catch—that same playbook might hit a wall come 2026.

The logic seemed sound: with growth sputtering and price pressures muted, cutting rates made sense as a stimulus measure. Yet as we head into next year, the conditions underpinning these decisions are starting to shift. One-off factors that kept inflation subdued won't necessarily persist, while growth dynamics could tighten further or pivot entirely.

What worked yesterday doesn't always work tomorrow. Policymakers betting on a repeat of 2024-2025 dynamics should brace for surprise reversals. The window for easy rate cuts might be closing faster than expected.