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Thailand: MPC may cut rate on shaky recovery

The Bank of Thailand’s Monetary Policy Committee (MPC) could cut the policy rate in next year’s first quarter if the economic recovery is shaky, says Kasikorn Research Center (K-Research). Thai exports face uncertainty in the first quarter given higher freight cost, while first-quarter private consumption patterns usually slow from the final quarter, said K-Research deputy […]

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Indonesia sees better consumer confidence in November

JAKARTA, Dec. 8 (Xinhua) — A survey conducted by the Indonesian central bank in November showed that the country’s consumer confidence in the current economic condition is better than that in the previous year. “The Consumer Confidence Index in November 2020 showed that the consumer confidence was recorded at 92.0, an increase compared to 79.0 […]

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Singapore unemployment rate expected to hit 3.7% by year-end: survey

SINGAPORE’S economy appears on track to shrink 6 per cent in 2020, although unemployment could rise further by year-end, according to private-sector economists polled by the Monetary Authority of Singapore (MAS) in a quarterly survey. This latest forecast for full-year gross domestic product (GDP) is unchanged from September’s Survey of Professional Forecasters. However, respondents now […]

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