Australia & New Zealand Economics Weekly Despite some snags, inflation will cool in earnest Administered price inflation is looking to be somewhat sticky in Australia, reflecting a combination of tax increases on select goods and elevated cost pressures across a range of public services. On... 12th July 2024 · 5 mins read
Japan Economics Weekly Bank of Japan will hike rates to 0.5% by year-end The persistent strength in producer prices of manufactured goods means that underlying inflation will probably settle around the Bank of Japan's 2% target over the second half of the year rather than... 12th July 2024 · 5 mins read
China Rapid Response China Merchandise Trade (Jun. 2024) Export values grew y/y at the fastest pace in 15 months, with export volumes hitting record highs. We think exports will stay robust in the near term despite increased Western tariffs. Import volumes... 12th July 2024 · 3 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
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Jul. 2024) Net capital inflows into EMs remained positive over the past month, largely reflecting continued strong inflows into EM bonds, particularly Turkey, while there were outflows post-election in Mexico... 11th July 2024 · 3 mins read
FX Markets Update Revisiting the outlook for the renminbi & the yen The continued weakness of the renminbi and the yen against the US dollar despite the narrowing of interest rate differentials via-a-vis the US is something of a conundrum, but our sense remains that... 11th July 2024 · 5 mins read
Asia Economics Update What next for the Indonesian rupiah? A narrowing of the current account deficit and a decline in the share of government bonds held by non-residents means the rupiah is much less exposed to sudden shifts in global risk appetite than in... 11th July 2024 · 2 mins read
Event Japan Drop-In: Will the BOJ hike rates again before the policy window closes? 1722412800 With shifting Japanese inflation dynamics likely to shrink the Bank of Japan’s opportunity to tighten policy in the coming months, we think its July meeting will
Asia Economics Update Dovish hold from the Bank of Korea, cuts coming soon The Bank of Korea left its policy rate unchanged today at 3.5%, but dropped clear hints that interest rate cuts would be coming soon. With growth set to struggle and inflation likely to fall further... 11th July 2024 · 3 mins read
Global Economics Chart Pack Global Economics Shipping Chart Pack (Jul. 2024) Shipping costs have now risen far enough to start adding to global CPI inflation. However, so far, the boost to prices is probably only in the region of 0.1%, on average. What’s more, surging freight... 10th July 2024 · 1 min read
Asia Economics Focus Will Indonesia breach its budget deficit limit? The recent rise in public spending and fall in revenues has sent the Indonesian government’s budget deficit veering towards the constitutional 3% of GDP limit. And it’s unclear how the president-elect... 10th July 2024 · 9 mins read
Asia Economics Update AI and friendshoring boosting (some) Asian exporters Exports from Taiwan, Korea and Vietnam have surged over the past 18 months, thanks to strong demand for AI-related products and friendshoring. In contrast, shipments from the rest of the region have... 10th July 2024 · 3 mins read
China Rapid Response China Consumer & Producer Prices (Jun. 2024) Consumer price inflation edged down in June. Producer price deflation eased but this was entirely due to base effects. We still expect a slight uptick in CPI inflation over the coming months but... 10th July 2024 · 2 mins read
