Good news at last for the Philippines economy with inflation falling in November to a four-month low of 6%, after hitting 6.7% in the two previous months, its highest level in almost a decade.
The widely expected tightening in monetary policy confirms the optimism about domestic growth, although analysts warn that Thailand has lost a key catalyst for continued outperformance.
Korean households continue to borrow at rates normally associated with the UK and US while inflation rises, creating a dilemma for the country's central bank.