SEAsia central bankers urge vigilance, resiliency

Southeast Asian economies must remain vigilant given changing global economic conditions, particularly a slowdown among emerging economies and a First World recovery, lower commodity prices and interest rate hikes.

Central bankers noted heightened uncertainties for growth and financial stability in the region during a gathering last week in Manila, where the Bangko Sentral ng Pilipinas hosted the 51st Conference and High-level Seminar of the Governors of the South East Asian Central Banks (SEACEN) and 35th Meeting of the group’s Board of Governors.