Asian central banks build ‘brick house’ to withstand ‘big bad wolves’

Amando Tetangco at Central Bank of the Philippines
Amando Tetangco

Two central bank governors in South-east Asia have spoken about the need to ‘keep their house in order' as the Federal Reserve prepares to unwind its accommodative monetary policy – with both suggesting there is work to be done.

Bank of Thailand governor Prasarn Trairatvorakul believes emerging markets have weathered the spillovers from advanced economies "quite well", but is wary of "new challenges [that] keep coming our way".

On Sunday he warned the "policy dilemma" faced by emerging markets –

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