The central banks in Malaysia, Thailand, and Indonesia, have set up programs to increase awareness of repo markets among market participants, including corporate treasuries. Many other central banks are also working with investors, issuers, and intermediaries, to assess what can be done to facilitate active repo markets.
The peso‘s moderate and controlled depreciation mirrors bullish economic growth indicated by strong imports demand, residents’ increased direct and portfolio investments abroad for expansion and risk diversification; as well as public and private sector debt prepayments to manage foreign exchange risks. There is also outflow of hot money. We see these as healthy adjustments.