Central Banks
Southeast Asia Central Banks Digging Into Toolkit to Fight Risks
- Region leans on a mix of policy measures to ward off risks
- Balancing use of tools is becoming more difficult: economist
The Philippine peso retraced an all-time low this week.
Photographer: Veejay Villafranca/BloombergThis article is for subscribers only.
Policymakers across Southeast Asia are reaching for both conventional and unconventional instruments available in their toolbox to stem plunging currencies and cool price gains.
While the region’s problems are middling compared to some neighbors in the south, countries face their biggest challenges in decades. The Philippine peso retraced an all-time low this week while the Malaysian ringgit drifted to the weakest in almost 25 years as a stronger dollar ups the risk of imported inflation.