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‘Sooner The Better’: Central Banks Hand Out Antivirals In Southeast Asia
Policymakers in Southeast Asia are prepared to inoculate against the coronavirus, and they demonstrated as much in both word and deed Wednesday.
Thailand cut rates for a third time in five meetings, and policymakers said the economy will grow "at a much lower rate in 2020 than the previous forecast". The local tourism industry is expected to be waylaid by the impact of the outbreak, which adds insult to injury amid a crippling drought and budget wrangling.
The baht dove as much as 0.9% (bottom
