Foreign banks expect more, but less aggressive rate increases from the Bangko Sentral ng Pilipinas as the regulator sustains its tightening bias to tame the red-hot inflation.
More banks are slashing their gross domestic product growth forecast for the Philippines after a disappointing second quarter outturn, as well as the expected further slowdown in the second half due to soaring inflation and tighter monetary conditions.
Thailand s economy likely grew at its fastest pace in a year last quarter, thanks to increased tourism as pandemic curbs eased, but the high cost of living and a slowdown in China pose threats to the