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
Asia Rapid Response Indonesia GDP (Q1 2024) The national accounts data released today suggest that economic growth in Indonesia remained broadly stable last quarter, but we don’t have much faith in the official data. With economic activity... 6th May 2024 · 2 mins read
Asia Rapid Response Taiwan GDP (Q1 2024, adv) Taiwan’s economy accelerated in y/y terms last quarter and we expect growth to remain strong over the coming year, helped by robust demand for AI-related products. 30th April 2024 · 2 mins read
Asia Rapid Response Korea GDP (Q1, 2024) GDP growth in Korea rose sharply in Q1 but we don't expect this strength to last. Weak global growth is set to weigh on exports in the near term while tight monetary and fiscal policy will curtail... 25th April 2024 · 2 mins read
Asia Rapid Response Singapore Monetary Policy Announcement & Q1 2024 GDP (adv) The Monetary Authority of Singapore (MAS) kept policy settings unchanged today, as expected, but with the economy set to remain weak and core inflation on track to resume its downward trend soon we... 12th April 2024 · 3 mins read
Asia Rapid Response Thailand Monetary Policy Announcement Thailand’s central bank (BoT) today resisted pressure from the government to loosen monetary policy, but with growth set to remain weak and inflationary pressures very subdued, we still think rate... 10th April 2024 · 3 mins read
