th01
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Thailand: Rate stands in tighter vote

The Bank of Thailand kept its policy rate unchanged yesterday, but the close vote of 4-3 added to the likelihood of the first rate hike in more than seven years at 2019’s final meeting in December.  Four members of the Monetary Policy Committee (MPC) voted to hold the rate steady at 1.50%, while three voted for […]

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indo01
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Indonesia: Bappenas Stresses Need to Boost Export to Cover Deficit

TEMPO.CO, Jakarta – Minister of National Development Planning/head of the National Planning Board (Bappenas), Bambang Brodjonegoro, has stressed the importance of boosting export to cover the rising trend of current account deficit. “It is true that the problem in oil and gas sector has caused the deficit. But if we can export more, the deficit can be covered,” Brodjonegoro stated on Wednesday. The central bank, Bank Indonesia (BI), has recorded an increase of current account deficit (CAD) in the third quarter of 2018 […]

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