Southeast Asian central banks charting divergent courses

Personal consumption accounts for 70% of economic output in the Philippines.

MINORU SATAKE and TORU TAKAHASHI, Nikkei staff writers

MANILA/BANGKOK -- Southeast Asian countries with stronger economies, such as the Philippines and Malaysia, are moving to raise interest rates, even as central bankers in nearby Thailand and Vietnam are prompted by domestic and geopolitical woes to keep monetary easing policies in place. The Phil...