Central banks still have historically low interest rates while finance ministers are hamstrung by debt.
Eight rate reductions since the beginning of last year, including two back-to-back surprise cuts this year, have failed to fire up Southeast Asia’s largest economy.
An economic boom accompanied by surging credit growth has fuelled speculation that Bangko Sentral ng Pilipinas may need to tighten monetary policy.
Nguyen Hoang Minh, deputy head of the State Bank of Vietnam in Ho Chi Minh, said remittances to the city are forecast to rise 10 percent to 5.5 billion dollars this year, helping ensure enough supply of foreign currency.
The Finance Ministry is pressuring the Bank of Thailand to cut interest rates to stimulate growth while the central bank pushed back against calls to cut its benchmark interest rate.