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Shift in Fed Policy Expectations: ASEAN Central Banks Face Different Challenges

The scope for monetary easing when the Fed eventually cuts its policy rate is more restricted in Indonesia and the Philippines due to higher inflation and currency weakness. Meanwhile, Malaysia and Thailand have their respective central bank policy rates below the Fedโ€™s current level.
Republic Of Market Committee Federal Open Market Committee Economic Projections Looming End Quantitative Tightening

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