Morgan Stanley's global head of economics, Joachim Fels, believes central banks "aren't done easing yet" and said fears of an early exit from accommodative monetary policy are unfounded. Fels expects inflation to remain subdued across the globe, allowing central banks to keep monetary policy supportive of continually flagging economic growth.

The US investment bank economist highlighted the forthcoming change in regime at the Bank of Japan (BoJ) as a catalyst for further easing not only in the