Emerging Markets Economics Chart Pack EM growth subdued but stable There has been very little in the latest data to justify fears of a widespread collapse in emerging markets. While economic growth remains subdued, conditions appear to have stabilised in recent... 21st October 2015 · 1 min read
India Chart Pack BJP facing tough battle in Bihar Prime Minister Modi and the BJP face an uphill battle in their attempts to win the ongoing election in the state of Bihar. From an economic perspective, the Bihar vote is important for two key reasons... 21st October 2015 · 1 min read
India Economics Update Equities regain their poise After struggling for most of this year, Indian equities have rallied so far in October. Looking ahead, with valuations not looking particularly stretched, we expect equities to post further gains over... 20th October 2015 · 1 min read
Asia Economics Update Rate hikes likely in Sri Lanka next year The central bank in Sri Lanka (CBSL) today kept its deposit and lending rates unchanged at 6.0% and 7.5%, respectively, despite headline inflation having been negative for the last three months. This... 20th October 2015 · 1 min read
Asia Economics Weekly Deflation: Exit ahead The latest warnings that deflation is a major cause for concern in Emerging Asia are wide of the mark. In fact, we think inflation will be back in positive territory across the entire region by early... 16th October 2015 · 1 min read
India Economics Update Export slump highlights risks to government target The narrowing in India’s trade deficit in September masks that fact that exports continue to contract sharply. Wide-ranging reform is needed to boost export prospects but, with progress still slow... 16th October 2015 · 1 min read
Emerging Markets Trade Monitor EM exports show signs of bottoming out EM exports continued to fall sharply in August, but the early data for September provide some hope that the worst may now be over. The year-on-year pace of contraction in export values is likely to... 15th October 2015 · 1 min read
Asia Economics Update Bank Indonesia likely to cut rates before end-2015 The recent rebound in the rupiah was never likely to be enough to persuade Bank Indonesia (BI) to loosen policy, and today’s decision to leave interest rates on hold at 7.5% was no great surprise... 15th October 2015 · 1 min read
Asia Economics Update Bank of Korea to keep rates on prolonged hold Against a backdrop of gradual recovery in the domestic economy, the Bank of Korea (BoK) left its policy rate unchanged at a record low of 1.50% today. We expect the BoK to keep rates on hold for the... 15th October 2015 · 1 min read
India Economics Update Bailout package for power sector would have limited impact A bailout for India’s heavily-indebted electricity providers would be a positive step, but there are reasons to doubt the effectiveness of any rescue deal. For a start, any package is likely to be... 15th October 2015 · 1 min read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor Our Capital Flows Tracker shows that over a quarter of a trillion dollars flowed out of EMs in the third quarter. This was largely due to China, although there are signs that the pace of capital... 14th October 2015 · 1 min read
India Data Response Wholesale Prices (Sep.) Wholesale price inflation rose in September after falling a record low in August. Looking ahead, we think that WPI inflation will accelerate further over the coming months as the favourable base... 14th October 2015 · 1 min read
Asia Economics Update Singapore unlikely to loosen policy again The Monetary Authority of Singapore (MAS) today opted to “reduce slightly” the slope of its target band for the nominal effective exchange rate (NEER), which amounts to very modest loosening of its... 14th October 2015 · 1 min read
Asia Economics Focus Can Malaysia ride out challenging times? Malaysia faces a number of challenges over the coming years, not least in adjusting to lower commodity prices. But there are reasons to think the economy will hold up relatively well and, while it is... 13th October 2015 · 1 min read
India Economics Update What can the RBI do to get banks to lower interest rates? Having cut the repo rate by 125bp this year, the RBI has shifted its focus to ensuring that banks pass on these rate reductions to borrowers. In truth, high levels of bad debt mean that the banking... 13th October 2015 · 1 min read
Commodities Update Malaysia Monthly Palm Oil Data (Sep.) September data released earlier today by Malaysia’s Palm Oil Board show that palm oil stocks rose to the highest monthly level on record. 12th October 2015 · 1 min read
