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Reuters first on Southeast Asia rate decisions

Reuters was first with November rate decisions by the central banks of Southeast Asia’s three largest economies, including surprise market-moving rate hikes by Indonesia and the Philippines, and a Thai decision that, while standing pat as expected, fuelled expectations of a rate hike by year-end as the policy committee split 4-3.

Market reaction:

The Indonesia and Philippine currencies rallied nearly 1% and more than 0.7% respectively after the surprise moves.