Page 3 – ASEAN Economic Community Strategy Center

Malaysia: Ringgit trading slumps 70% offshore after central bank curbs

Malaysia is succeeding in snuffing out currency speculation — now it has to deal with the fallout. Offshore trading in ringgit non-deliverable forwards has dropped by about 70% since policy makers took steps in November to deter foreign banks from trading the contracts, according to EBS BrokerTec’s electronic-trading platform. Now, officials are looking at easing […]

Thailand: BoT hikes 2017 growth forecasts, holds key rate

The Bank of Thailand raised its forecasts for 2017 economic growth and exports while leaving the key interest rate where it has been for nearly two years. As expected, the Monetary Policy Committee (MPC) on Wednesday voted unanimously to keep the one-day repurchase rate at 1.5%, where it has been since April 2015, a quarter-point […]

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Malaysia: Ringgit trading slumps 70% offshore after central bank curbs

Thailand: BoT hikes 2017 growth forecasts, holds key rate