The Philippine central bank will keep the option of another cut in the rate it pays for funds in so-called special deposit accounts, Governor Amando Tetangco said three weeks before the next policy meeting. The peso fell.
Philippine President Benigno Aquino spent a third of his working days in the past two months campaigning for allies seeking seats in the senate, where he barely won the vote to raise tobacco and liquor taxes.
Indonesia held its benchmark interest rate for a 14th consecutive meeting as plans to cut fuel subsidies boost inflation risks, reducing scope for monetary easing even as falling exports crimp economic growth.
The Philippine Senate ousted the country’s top judge for illegally concealing his wealth, ending a four-month impeachment trial and boosting President Benigno Aquino’s campaign to clean up the government.