Emerging Asia Economics

Emerging Asia Economics Weekly

14 December, 2018

Thailand to hike rates, peso to fall further

The Bank of Thailand (BoT) is likely to raise its policy rate for the first time since 2011 at its meeting on Wednesday due to concerns about accelerating credit growth. Meanwhile, having widened to a record US$4.2bn in October, we think the trade deficit in the Philippines will continue to expand over the coming year, putting further downward pressure on the peso.

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