The Thai baht and the Philippine peso have lagged all their Southeast Asian peers this year. This may continue as inflation readings could reinforce their central banks as two of the biggest doves in the region.
Bangko Sentral ng Pilipinas is weighing a reduction in the reserve requirement ratio while some members of the Bank of Thailand’s policy committee see a need for another rate cut. This easy stance is at odds with that of policy makers elsewhere which are preparing to unwind stimulus deployed to counter the fallout from outbreak.
"easy" - Google News
September 06, 2021 at 06:30AM
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Easy Policy Lays Out a Hard Road for Underperforming Baht, Peso - Bloomberg
"easy" - Google News
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