The Philippines looks to be on the verge of passing legislation to allow in more rice imports. If the bill passes, it should lead to a sharp drop in inflation and would reduce the pressure for further aggressive interest rate hikes. Meanwhile, the introduction of a new sales tax in Malaysia is unlikely to lead to a sharp rise inflation, but will only go some of the way towards filling the gap in revenues caused by abolition of the Goods and Service Tax earlier this year.
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