The hawkish minutes from the Bank of Thailand’s (BoT) November meeting reaffirm our view that the central bank will raise rates by 25bp at its December meeting. Meanwhile, the Korean government’s failure to agree an exemption from possible US automotive tariffs as part of the renegotiated Korea US Free Trade Agreement (KORUS) could come back to haunt it, after Donald Trump earlier this week threatened to impose tariffs on imported cars.
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