India Economics Weekly Rupee policies: solutions in need of problems Policymakers in India have been talking up prospects for the rupee settlement mechanism as well as the recently-piloted central bank digital currency, the so-called "e-rupee". But while there are... 13th January 2023 · 5 mins read
Asia Economics Update Korea: tightening cycle over, rate cuts later this year The Bank of Korea today raised interest rates by a further 25bps (to 3.50%) and relatively dovish comments by Governor Rhee support our view that the tightening cycle is now over. With growth set to... 13th January 2023 · 3 mins read
China Data Response China Trade (Dec.) China’s exports contracted year-on-year in December by the most since the Wuhan lockdown in early 2020. Imports held up slightly better but are still depressed. Inbound shipments should start to... 13th January 2023 · 3 mins read
Japan Economics Weekly Price pressures broadening, 10-year yields at 0.5% There are early signs that the surge in “core” goods inflation is running out of steam, but services inflation is strengthening. Services inflation won’t accelerate fast enough to offset the coming... 13th January 2023 · 8 mins read
Australia & New Zealand Economics Weekly RBA has more work to do With inflation remaining stubbornly high and consumption resilient, the Reserve Bank of Australia will continue to hike interest rates for a while yet. However, there are some early signs that the... 13th January 2023 · 5 mins read
Global Economics Update Upgrade to 2023 China forecast and its implications Disruption from China’s reopening is fading faster than we had expected and we have revised up our forecast for growth there from 2.0% to 5.5%. This means that global GDP growth will be stronger than... 12th January 2023 · 3 mins read
India Data Response Consumer Prices (Dec.) & Industrial Production (Nov.) The further easing in headline CPI inflation in December to a 12-month low of 5.7% y/y supports our view that the tightening cycle is in its final throes. We expect just one more hike in the repo rate... 12th January 2023 · 2 mins read
China Economics Update A faster-than-expected turnaround We had expected disruption from China’s reopening wave of COVID infections to weigh heavily on activity well into Q1. But there is mounting evidence that much of China’s population has already been... 12th January 2023 · 7 mins read
China Data Response Consumer & Producer Prices (Dec.) Consumer price inflation ticked up in December, while producer price deflation eased. There are some early signs that the transition toward living with COVID is starting to put upward pressure on... 12th January 2023 · 3 mins read
Australia & New Zealand Data Response Australia International Trade (Nov. 22) The trade balance widened to a five-month high in November even though import prices outpaced export prices last quarter, which suggests that net trade provided a sizeable boost to Q4 GDP growth. 12th January 2023 · 3 mins read
Australia & New Zealand Rapid Response Australia International Trade (Nov. 22) 12th January 2023 · 2 mins read
Capital Daily More good news in China may boost other EM equities further We think some emerging markets’ stock markets could continue to outperform if the economic picture in China continues to improve. 11th January 2023 · 6 mins read
Event Drop-In: Is the BoJ gearing up to scrap yield curve control? 1674028800 Speculation is mounting that the Bank of Japan is finally moving to end its yield curve control (YCC) regime following December’s surprise policy tweak.
