India Chart Pack Demonetisation impact wearing off The latest economic data for India suggest that the most acute impact from the government’s demonetisation measures has now passed. Both the manufacturing and services PMI readings for February came... 23rd March 2017 · 1 min read
China Economics Update Equities hit three-month high Chinese equities started the Year of the Chicken on a bright note, rising in February by the most in three months. Meanwhile, the PBOC has continued to tighten monetary conditions by pushing market... 28th February 2017 · 1 min read
India Chart Pack Attention turns to state elections Upcoming state elections in India are likely to have an important bearing on economic policy at the local level. But perhaps more significant, the outcome of the state elections could be crucial in... 23rd January 2017 · 1 min read
India Chart Pack Reform agenda takes off in 2016 2016 will be remembered as the year that Prime Minister Modi finally began to deliver on promises of much-needed economic reform. However, with a number of state elections due to take place over the... 21st December 2016 · 1 min read
India Chart Pack Anti-corruption drive has further to run The government’s shock demonetisation announcement earlier this month was its boldest measure yet to tackle corruption and formalise large parts of the shadow economy, but it is unlikely to be the... 24th November 2016 · 1 min read
India Chart Pack Core price pressures remain elevated Much of the focus both before and after the RBI’s decision to cut the repo rate by 25bp (to 6.25%) in early October has been on the sharp fall in headline inflation over the past couple of months. But... 25th October 2016 · 1 min read
China Economics Update SDR inclusion could remove near-term support for RMB The inclusion of the renminbi in the IMF’s SDR basket at the start of October will have minimal impact on foreign demand for renminbi assets and therefore offers little support for the Chinese... 26th September 2016 · 1 min read
India Chart Pack Rollout of GST is edging closer Progress in implementing the Goods and Services Tax (GST) since the bill was passed in parliament in early August has so far been fairly smooth. However, there are still a number of sticking points... 21st September 2016 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Aug. 16) The Teranet house price index shows the national growth rate climbed to a six-year high of 11.4% y/y in August, as prices continued to increase in Vancouver even after the introduction of the new... 14th September 2016 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Jul. 16) The acceleration in national house price growth to a six-year high of 10.9% y/y in July, from 10.0%, reflects a spreading out of the housing mania beyond just Toronto and Vancouver. The most recent... 12th August 2016 · 1 min read
UK Economics Chart Pack Bank of England’s meaningful action boosts asset prices The prospect – and subsequent delivery – of monetary policy stimulus from the Bank of England in August has helped UK assets to continue their recovery from the shock of the vote to leave the EU... 9th August 2016 · 1 min read
Japan Chart Pack Growth not strong enough to boost price pressures Weak survey evidence notwithstanding, the economy likely continued to recover in the second quarter, while the labour market has rarely been tighter. However, wage growth remains anaemic and the past... 8th August 2016 · 1 min read
India Chart Pack Capital injections too small to revive banking sector The government’s announcement this week that it will inject more capital into local banks is a positive step, but the amount is still too limited to revive the ailing sector. 22nd July 2016 · 1 min read
Energy Chart Pack Falling oil supplies trump Brexit concerns The sharp drops in the prices of riskier assets, including oil, after the UK voted to leave the EU have dominated headlines. However, oil prices are now more or less back to their pre-Brexit levels... 1st July 2016 · 1 min read
Emerging Markets Economics Update Brexit vote rattles EMs The vote by the UK to leave the EU is already creating a flight to safety, with financial markets in EMs that have deeper and more liquid markets (Mexico), large current account deficits (South Africa... 24th June 2016 · 1 min read
India Chart Pack Fallout from Brexit vote would be limited A vote by the UK to leave the European Union in tomorrow's referendum would be unlikely to have much impact on India's economy. Indian exports to the UK are equivalent to less than 0.5% of GDP, so... 22nd June 2016 · 1 min read
