Vaccine progress, external turnaround in Indonesia

After a slow start, countries across South East Asia are now making encouraging progress with vaccine rollouts. The rise in coverage should reduce the need for further lockdowns and set the stage for a sustained recovery over the coming quarters. Meanwhile, although central banks in Emerging Asia are in no hurry to tighten policy, the coming week will focus attention on two exceptions to that rule. Korea and Sri Lanka are both expected to raise interest rates at their meetings on Thursday.