Asia Rapid Response

Philippines Monetary Policy Announcement (December 2024)

19th December 2024 · 2 mins read

Japan Rapid Response

Bank of Japan Meeting (Dec. 2024)

19th December 2024 · 2 mins read

Australia & New Zealand Rapid Response

New Zealand GDP (Q3 2024)

With activity in freefall, we expect the RBNZ to keep cutting rates aggressively over the year ahead.

18th December 2024 · 3 mins read

Asia Rapid Response

Thailand Monetary Policy Announcement (December)

Thailand’s central bank (BoT) today left interest rates unchanged (at 2.25%), but kept the door open to rate cuts next year. With inflation set to stay very low and growth likely to struggle, we are...

18th December 2024 · 2 mins read

Asia Rapid Response

Indonesia Policy Rate (December 2024)

Bank Indonesia today left interest rates on hold at 6.00%, and given worries about the exchange rate we don’t think it will be until the second half of next year at the earliest that it resumes its...

18th December 2024 · 2 mins read

Commodities Update

China’s appetite for gold will support prices in 2025

Given the deterioration in the outlook for Chinese equities and the prospect of a markedly weaker renminbi, China’s demand for gold in 2025 will be stronger than we had previously expected. In turn...

17th December 2024 · 3 mins read

China Economic Outlook

China Outlook: Stimulus bounce will be short-lived

China’s leadership has signalled that policy will be loosened further, which will provide a near-term prop to activity. But we still expect China’s growth to slow next year, because of the more...

17th December 2024 · 16 mins read

India Chart Pack

India Chart Pack (December 2024)

After a stellar run, India’s economy has entered a softer patch that will continue for a few more quarters. We think that will portend an underperformance in local equities relative to other major...

17th December 2024 · 1 min read

Emerging Markets Economics Chart Pack

Emerging Markets Chart Pack (December 2024)

EM GDP growth picked up in the second half of the year but faces headwinds in 2025 from tight policy at home and challenges abroad. Our growth forecasts generally sit below the consensus. Monetary...

16th December 2024 · 1 min read

China Rapid Response

China Activity & Spending (Nov. 2024)

China’s economy appears to have slowed last month, despite tailwinds from recent policy easing. Growth still looks on course to pick up this quarter, but the disappointing November data underscores...

16th December 2024 · 3 mins read

Asia Economic Outlook

Asia Outlook: More rate cuts coming

We expect another year of below-trend and below-consensus GDP growth in most of Asia in 2025, as tight fiscal policy and weak exports weigh on output. In China, a slowdown in construction will act as...

13th December 2024 · 28 mins read

Commodities Outlook

Weak market fundamentals; geopolitics the wildcard

Most energy and industrial metals prices will fall in 2025 as structural headwinds to demand build and supply rises. Geopolitical developments remain a key uncertainty and it is easy to think of...

13th December 2024 · 23 mins read

Capital Daily

How the yen might affect Japan’s stock market next year

The recent breakdown in the relationship between yen/dollar and the relative performance of stock markets in Japan and the US in local-currency (LC) terms makes it hard to predict how these stock...

13th December 2024 · 5 mins read

Commodities Weekly

China policy support is not enough to lift prices

Despite announcements of stronger policy support from China, we do not think these will be enough to lift commodity prices amid growing structural headwinds to demand. With oil demand likely to...

13th December 2024 · 4 mins read

China Rapid Response

China Bank Lending & Broad Credit (Nov.)

China's November credit data show that monetary easing is still struggling to put a floor under borrowing. We doubt that the further rate cuts China’s leadership promised this week will do much to...

13th December 2024 · 2 mins read