Asia Economics Update Bank of Korea in wait-and-see mode Following its move last month to cut rates in response to rising downside risks to growth, the Bank of Korea (BoK) today left its policy rate unchanged at a record low of 1.25%. We think it will take... 14th July 2016 · 1 min read
Asia Data Response Singapore GDP (Q2 Advanced) Today’s advanced estimate of Singapore’s second quarter GDP suggests the economy has gained some momentum after a sluggish start to the year . However, domestic headwinds are building and a robust... 14th July 2016 · 1 min read
Asia Economics Update Malaysia jumps on easing bandwagon Malaysia's central bank (BNM) today unexpectedly lowered its policy rate by 25bp to 3.0%, adding to the list of Asian central banks that have cut rates this year. But with growth still on track to... 13th July 2016 · 1 min read
India Data Response Consumer Prices (Jun.) & Industrial Production (May) Indian consumer price inflation held steady in June, but it remains some way above the RBI's target for March 2017. As such, the scope for further monetary loosening still looks very limited. 12th July 2016 · 1 min read
India Economics Update Inflation to slow but stay above target We think that Indian consumer price inflation dropped in June, but it is likely to have remained some way above the Reserve Bank’s 5.0% target for March 2017. There is little reason to think that... 12th July 2016 · 1 min read
Asia Economics Weekly What options does Taiwan’s central bank have left? Taiwan’s central bank is running out of good options as it looks to boost an economy which has struggled badly over the past year. We see little prospect of a decent recovery in the coming quarters. 8th July 2016 · 1 min read
Emerging Markets Economic Outlook EM pick-up to prove short-lived EM growth is likely to accelerate over the second half of this year, but a downward shift in potential growth means the recovery could hit the buffers in 2017-18. 7th July 2016 · 1 min read
India Economics Update Passage of Goods and Services Tax edging closer Recent changes to the composition of the Rajya Sabha have raised the likelihood that the long-awaited Goods and Services Tax (GST) bill will finally be passed. But there are still sticking points, the... 5th July 2016 · 1 min read
Asia Economics Update Terrorism poses a threat to Bangladesh’s long-term prospects The recent terror attack in Bangladesh is unlikely to have a big impact on the economy in the short-term. However, long-term prospects would take a significant dent if a more dangerous security... 5th July 2016 · 1 min read
Global Markets Update What next for EM equities? British politics remains in turmoil following the vote for “Brexit”, but emerging market (EM) equities do not. There are likely to be more periodic sell-offs in risky assets in the months ahead, but... 4th July 2016 · 1 min read
Emerging Markets Economics Update EM PMI weakens in June, but some good news The fall in the aggregate EM manufacturing PMI in June suggests that growth probably weakened at the end of Q2. But there was some rare positive news from a handful of EM economies that have been... 1st July 2016 · 1 min read
Asia Economics Weekly China’s move up the value chain – what it means for Korea China’s move up the value chain is proving a major challenge for Korean exporters. Poor export prospects are just one reason why we expect Korea’s economy to struggle over the next few years. 1st July 2016 · 1 min read
India Data Response Manufacturing PMI (Jun.) India's manufacturing PMI rose in June, but the reading remained lacklustre by past standards. The big picture is that local manufacturers continue to face significant structural constraints. 1st July 2016 · 1 min read
Asia Data Response Manufacturing PMIs (Jun.) While the June PMIs for Emerging Asia were generally uninspiring, in the two economies where the PMIs most closely track the hard data, the surveys suggest that manufacturing conditions are at least... 1st July 2016 · 1 min read
Frontier Markets Wrap Easing cycles have further to run in several frontier markets The past month has brought aggressive monetary easing in a handful of frontier markets, and we think others will follow suit over the rest of this year. Cuts in policy interest rates this month in... 30th June 2016 · 1 min read
Asia Economics Update What next for monetary policy in Taiwan? With the economy struggling badly and inflationary pressures very low, Taiwan’s central bank (CBC) today cuts its discount rate by a further 12.5 basis points to 1.375%. Given the poor outlook for... 30th June 2016 · 1 min read
