Southeast Asia’s central banks face duelling rate calls
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Three major Southeast Asian economies will announce monetary policy decisions on Oct 16, 2024, at 3pm Malaysian time; Bank Indonesia is expected to hold its benchmark rate at 6%, with 30 of 41 economists predicting no change; the Philippine central bank aims for a total of 175-basis-point cuts by the end of 2025, with inflation at a four-year low; Bank of Thailand is likely to maintain its rate at 2.5%, resisting government pressure for cuts; the Thai government is considering raising the 2025 inflation target; pressures include weak growth, currency volatility, and geopolitical risks.
#SoutheastAsia #CentralBanks #MonetaryPolicy #InterestRates #Inflation #Economy #BankIndonesia #Philippines #Thailand #GeopoliticalRisks
https://theedgemalaysia.com/node/730370
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