ASEAN central banks diverge on rates as domestic factors come to fore

Indonesia and Philippines set to move quicker to support growth after U.S. cut

20241015 Indonesia market

A vendor serves a customer at a traditional market in Jakarta. Bank Indonesia is among the region's central banks expected to cut interest rates relatively quickly following the U.S. Federal Reserve's downward move. © Reuters

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE -- Interest rate trajectories in Southeast Asia are diverging after the U.S. Federal Reserve cut last month, with central banks of export-driven countries like Thailand and Malaysia expected to only start easing next year or even later.

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