The recently announced cut to the reserve requirement ratio in the Philippines should provide a boost to economic growth and suggests that further cuts to the policy rate are likely soon.
Meanwhile, the rupee came under pressure this week after Pakistan agreed to give market forces a greater role in determining the exchange rate as part of its latest IMF bailout. Further falls seem likely over the coming weeks.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services