India Economics Weekly Rupee hits an all-time low, new inflation forecasts The rupee dropped to an all-time low of 83.1/$ on Thursday and the depreciation this week may have been larger had the RBI not stepped up its FX intervention. The good news is that the central bank is... 18th August 2023 · 3 mins read
China Economics Weekly Shadow banks are getting squeezed Zhongzhi won’t be the last shadow bank to run into trouble. Others are also suffering from mounting losses on their assets and a funding squeeze as cautious investors shift money into deposits and... 18th August 2023 · 5 mins read
Asia Economics Weekly Bank of Korea to hold, but cuts likely by year-end The Bank of Korea (BoK) has left interest rates on hold since January and looks almost certain to leave monetary policy settings unchanged at its meeting next week. But with inflation falling back... 18th August 2023 · 8 mins read
Asia Rapid Response Malaysia GDP (Q2) Economic growth accelerated in Q2 but we expect a slowdown in the second half of the year as external demand weakens and elevated interest rates curtail domestic demand. 18th August 2023 · 3 mins read
Japan Economics Weekly Bank of Japan won’t rush to tighten policy With the economy seemingly running hot and underlying inflation still accelerating, the case for tighter monetary policy looks increasingly compelling. However, we still expect the Bank of Japan to... 18th August 2023 · 5 mins read
Australia & New Zealand Economics Weekly New Zealand’s economy remains in a rut Earlier this week, the RBNZ signalled that rates would need to remain at their current restrictive level until early-2025. However, we think the Bank will shift gears well before then, given the... 18th August 2023 · 3 mins read
China Economics Update Policy paralysis has dented near-term outlook China’s economy has stalled recently and headwinds are still intensifying on multiple fronts. The lack of a stronger stimulus response partly reflects a greater tolerance for economic weakness. But it... 17th August 2023 · 4 mins read
Asia Economics Update Philippines: rate cuts unlikely before 2024 The central bank (BSP) in the Philippines today left interest rates unchanged for a third consecutive meeting and, although the economy weakened markedly in Q2 and inflation is nearly back to target... 17th August 2023 · 3 mins read
India Chart Pack India Chart Pack (Aug. 2023) Our India Chart Pack has been updated with the latest data and our analysis of recent developments. India’s economy is showing signs of coming off the boil, and core inflation is moderating. However... 17th August 2023 · 1 min read
Australia & New Zealand Rapid Response Australia Labour Market (Jul. 23) A boost to the labour supply is helping to take the heat out of Australia’s tight labour market. Accordingly, we’re sticking with our view that the Reserve Bank of Australia won’t raise rates any... 17th August 2023 · 2 mins read
Industrial Metals Update China stimulus not a silver bullet for industrial metals The outlook for industrial metals demand has deteriorated alongside the weakening of China’s economy this year, particularly in the property sector. Monetary and fiscal stimulus might paper over the... 16th August 2023 · 3 mins read
China Economics Update Country Garden is Evergrande-lite but worse-timed Financial problems at Country Garden, once considered among China’s strongest developers, will further undermine confidence among homebuyers and creditors, exacerbating the property downturn. The... 16th August 2023 · 6 mins read
Japan Chart Pack Japan Chart Pack (Aug. 2023) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. We no longer expect the economy to enter a recession across the second half of the year. But with... 16th August 2023 · 1 min read
