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Inflation Trends in Thailand and Philippines
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Overview
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Thai and Philippine consumer prices continue to fall below the central bank's target, with the Thai CPI dropping by 0.83% and the Philippine inflation at a near two-year low of 3.9%. Despite this, both central banks are maintaining their interest rates to control inflation.
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How might the falling consumer prices impact the overall economy in Thailand and the Philippines?
In what ways do these inflation trends reflect broader economic trends in the regions?
What factors could influence the central banks' decisions to keep interest rates elevated despite the falling inflation?
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