Asia Rapid Response Malaysia GDP (Q2 2024, adv estimate) GDP growth accelerated sharply the second quarter but, with a jump in inflation set to curtail consumer spending and the boost from tourism likely to fade, we still expect a sharp slowdown in the... 19th July 2024 · 2 mins read
Asia Rapid Response Indonesia Policy Rate (July 2024) Bank Indonesia today left its policy rate unchanged at 6.25%, but the central bank’s dovish commentary supports our view that rates will be cut in Q4. Today’s decision was correctly predicted by all... 17th July 2024 · 2 mins read
Asia Rapid Response Singapore Q2 GDP (advance estimate) GDP growth in Singapore remained below trend during the second quarter and we expect this to persist in the near term as the cooling labour market, elevated interest rates and weak global growth... 12th July 2024 · 2 mins read
Asia Rapid Response Indonesia Policy Rate (June 2024) Bank Indonesia today left interest rates unchanged (at 6.25%), but hinted at possible rate cuts later in the year, provided that the rupiah stabilises against the US dollar. The central bank’s dovish... 20th June 2024 · 2 mins read
Asia Rapid Response Taiwan Monetary Policy Announcement (June) Taiwan’s central bank (CBC) left its main policy rate unchanged today (at 2.0%), and with growth set to remain strong we expect rates to remain on hold throughout 2024 and 2025. In contrast, the... 13th June 2024 · 4 mins read
Asia Rapid Response Thailand Monetary Policy Announcement (June) Thailand’s central bank (BoT) today left interest rates unchanged and appeared in no rush to loosen policy. We think the weakness of the economy and very low inflation will persuade the central bank... 12th June 2024 · 2 mins read
Asia Rapid Response Korea Policy Rate (May 2024) The decision by the Bank of Korea to leave the policy rate unchanged (at 3.5%) today came as no surprise, of more interest will be the tone of the central bank’s statement and Governor Rhee’s press... 23rd May 2024 · 2 mins read
Asia Rapid Response Thailand GDP (Q1, 2024) Thailand’s economy rebounded in Q1 and we expect steady, if unspectacular, growth this year driven by a further rebound in tourism and strong government spending. 20th May 2024 · 2 mins read
Asia Rapid Response Malaysia GDP (Q1 2024, second estimate) The second estimate of Q1 GDP confirmed that the economy rebounded last quarter but we continue to expect below-trend GDP growth this year as a whole. The softening labour market, tighter fiscal... 17th May 2024 · 2 mins read
Asia Rapid Response Malaysia: Monetary Policy Meeting Bank Negara Malaysia (BNM) left its overnight policy rate (OPR) on hold (at 3.00%) today, and the tone of its statement supports our view that rates will be left unchanged throughout 2024. The... 9th May 2024 · 2 mins read
Asia Rapid Response Philippines GDP (Q1) GDP growth in the Philippines slowed in Q1 and we expect further weakness over the rest of the year as tight monetary policy, slower growth in remittances and weaker export demand weigh on activity. 9th May 2024 · 2 mins read
