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Philippines: Rate easing cycle seen to resume in Q3

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is widely expected to keep rates steady at Thursday’s monetary policy meeting, but would likely resume its easing cycle by September, an international think tank said. In its weekly outlook, London-based Capital Economics expressed certainty that interest rates would remain unchanged during the central bank’s policy […]

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Thailand: Dine-in curbs lifted; pools, libraries open

City Hall is lifting restrictions on dining at non-air-conditioned restaurants and increases the maximum seating limit at air conditioned venues from Monday. As a result of the latest City Hall order signed by Bangkok governor Aswin Kwanmuang on Sunday, non-air-conditioned restaurants can once again operate at 100% capacity, while air-conditioned venues are allowed to set […]

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Philippines: Economists see BSP keeping rates at record low

MANILA, Philippines — Economists expect the Bangko Sentral ng Pilipinas (BSP) to maintain its accommodative policy stance by keeping key interest rates on hold to help the economy fully recover from the pandemic-induced recession. ING Bank senior economist Nicholas Mapa said the BSP may decide to maintain its key interest rate after BSP Governor Benjamin […]

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Risk of asset price inflation low in Malaysia

PETALING JAYA: Asset price inflation, which is posing a threat in some Western economies, is unlikely to rear its ugly head in Malaysia amid the country’s low interest rates and massive stimulus packages. Even as the central bank has kept key benchmark interest rate at 1.75% for some time, coupled with a cumulative fiscal stimulus […]

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