Good MornING Asia - 19 February 2018

A surprise central bank easing in the Philippine and deteriorating external payments situation in Indonesia are likely to sustain weakening pressure on respective country currencies

In this bundle

Philippines

Philippines: Surprise monetary easing

BSP, the Philippine central bank, cut its reserve requirement for banks by 1ppt to 19%. This is consistent with the bank's dovish bias

Indonesia

Indonesia: January trade deficit dims the current account view

Sustained high import growth is evidence of the sustained expansion of the domestic sector. However, the trade balance fell into a deficit, which is an…