{
  "topic": "inflation_policy_rates",
  "title": "Inflation & policy rates SEA",
  "as_of": "2026-09-11",
  "coverage": "ASEAN-10 + Timor-Leste (SEA-11)",
  "metrics": [
    "cpi_inflation",
    "cpi_inflation_weo_2025",
    "cpi_inflation_wdi",
    "policy_rate",
    "real_policy_rate",
    "policy_framework"
  ],
  "sources": [
    {
      "id": "weo_pcpipch",
      "name": "IMF World Economic Outlook / DataMapper April 2026 \u2014 PCPIPCH (Inflation, average consumer prices)",
      "vintage": "April 2026",
      "url": "https://www.imf.org/external/datamapper/PCPIPCH@WEO",
      "raw": "_raw/imf_pcpipch.json",
      "years_in_scoreboard": [
        2025,
        2026
      ]
    },
    {
      "id": "wdi_cpi",
      "name": "World Bank World Development Indicators FP.CPI.TOTL.ZG",
      "vintage": "API lastupdated 2026-07-13",
      "url": "https://data.worldbank.org/indicator/FP.CPI.TOTL.ZG",
      "api": "https://api.worldbank.org/v2/country/{iso}/indicator/FP.CPI.TOTL.ZG",
      "raw": [
        "_raw/wdi_FP.CPI.TOTL.ZG.json",
        "_raw/wdi_cpi.json"
      ]
    },
    {
      "id": "bis_cbpol",
      "name": "BIS Central bank policy rates (WS_CBPOL) monthly end-of-period",
      "vintage": "2026-08 for ID/MY/PH/TH",
      "url": "https://data.bis.org/topics/CBPOL",
      "bulk": "https://data.bis.org/static/bulk/WS_CBPOL_csv_flat.zip",
      "raw": [
        "_raw/bis_cbpol_sea.csv",
        "_raw/WS_CBPOL_csv_flat.zip"
      ],
      "coverage_note": "SEA series present for ID, MY, PH, TH only in this extract"
    },
    {
      "id": "cb_crosscheck",
      "name": "Official central bank pages (cross-check only for locked rates)",
      "items": [
        {
          "iso3": "IDN",
          "rate": 5.75,
          "as_of": "2026-08-19",
          "url": "https://www.bi.go.id/en/default.aspx",
          "instrument": "BI-Rate"
        },
        {
          "iso3": "MYS",
          "rate": 2.75,
          "as_of": "2026-07-09",
          "url": "https://www.bnm.gov.my/monetary-stability/opr-decisions",
          "instrument": "Overnight Policy Rate"
        },
        {
          "iso3": "PHL",
          "rate": 5.0,
          "as_of": "2026-08-27",
          "url": "https://www.bsp.gov.ph/SitePages/PriceStability/MonetaryPolicyDecision.aspx",
          "instrument": "Target RRP"
        },
        {
          "iso3": "THA",
          "rate": 1.0,
          "as_of": "2026-08-26",
          "url": "https://www.bot.or.th/en/news-and-media/news/mpc/news-20260826-KsecaE98.html",
          "instrument": "1-day bilateral repo"
        }
      ]
    }
  ],
  "derived": {
    "real_policy_rate": "policy_rate - cpi_inflation (WEO 2026 PCPIPCH); only when both exist",
    "policy_framework": "label chip from CB mandate; SGP/BRN exchange_rate_centred; ID/MY/PH/TH inflation_targeting; else other"
  },
  "out_of_scope": [
    "Inventing Singapore policy interest rate or using SORA as MAS policy rate",
    "Filling VN/KH/LA/MM/BN/TL rates from secondary wire services without official lock",
    "Averaging CPI with policy rates",
    "Core CPI as primary without a locked extract",
    "AMRO AREO as number source (discovery only)"
  ],
  "complements": [
    "topics/scale_growth/",
    "topics/external_balance/",
    "topics/fiscal_debt/",
    "topics/credit_banking/"
  ],
  "linear": "MED2-64"
}