India Economics Update What would the impact be if Governor Rajan stepped down? Indian media has been awash with reports that RBI Governor Raghuram Rajan might not have his contract renewed when his term expires in September. In the unlikely case that this occurs, financial... 25th April 2016 · 1 min read
Frontier Markets Wrap Frontiers ask the IMF to come to their rescue A number of frontier markets have turned to the IMF for financial support over the past few months in order to counter strains in their balance of payments. Angola has formally opened negotiations... 22nd April 2016 · 1 min read
Asia Economics Weekly Are Asia’s policymakers running out of fiscal firepower? Most governments in Emerging Asia have room to support their economies by loosening fiscal policy further in the event that growth continues to disappoint. However, there are a few countries, namely... 22nd April 2016 · 1 min read
India Chart Pack Banking sector still requires wider reform Recent policy tweaks from the RBI should help at the margins to boost bank lending, which has been moribund over the past few years. Most obviously, the 25bp rate cut this month means that the repo... 22nd April 2016 · 1 min read
Emerging Markets Economics Chart Pack Some respite for commodity producers The worst looks to be over for many EM commodity producers. Their currencies have again been among the best performers this month, helped by a continued recovery in commodity prices. The slump in... 21st April 2016 · 1 min read
Asia Economics Update No cuts in Indonesia likely until new policy rate comes into force With Bank Indonesia (BI) having announced on Friday that it is planning to replace its main policy rate because the current rate has little influence over commercial banks’ lending rates, a fourth... 21st April 2016 · 1 min read
India Economics Update Bond market rally could soon run out of steam Yields on India's local currency debt have fallen so far in April to their lowest in nearly three years. But with the scope for further monetary loosening now looking limited, we think that yields are... 21st April 2016 · 1 min read
Asia Economics Update Monetary policy loosening in Korea more likely than not The Bank of Korea (BoK) today left its policy rate unchanged at a record low of 1.50% , b ut with the economy still in a fragile state, monetary policy loosening looks to be on the cards in the coming... 19th April 2016 · 1 min read
India Economics Update Government faces uphill task to meet export target The narrowing in India's trade deficit to a six-year low in FY15/16 is welcome news, but this masks the fact that exports slumped by over 15% last year. With progress on the reforms needed to create a... 19th April 2016 · 1 min read
India Data Response Wholesale Prices (Mar.) Wholesale price inflation was virtually unchanged in March but, looking ahead, we think that it will return to positive territory over the next couple of months. 18th April 2016 · 1 min read
Asia Economics Update More than meets the eye to new Bank Indonesia policy rate Bank Indonesia today unveiled some adjustments to its policy regime which it hopes will prompt commercial banks to lower their lending rates. If the moves are a success, they should lead to an... 15th April 2016 · 1 min read
Emerging Markets Trade Monitor EM export decline easing off The rate at which EM exports are declining slowed markedly in February. Rising commodity prices and a rebound in China should boost exports later this year. 15th April 2016 · 1 min read
Asia Economics Weekly Export downturn set to drag on The export downturn that began over a year ago is showing little sign of coming to an end. A big part of the reason for the current weakness has been the slump in commodity prices. Even if commodity... 15th April 2016 · 1 min read
Asia Economics Update Elections in Korea deal further blow to reform hopes Yesterday’s parliamentary elections in Korea, which saw the governing Saenuri Party suffer a defeat, represent a major blow to the authority of President Park Guen-hye and further reduce the... 14th April 2016 · 1 min read
Asia Economics Update Further policy loosening in Singapore unlikely The Monetary Authority of Singapore (MAS) today moved to flatten the slope of its nominal effective exchange rate policy band, a decision that amounts to a loosening of its policy stance. But with... 14th April 2016 · 1 min read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor Our Tracker suggests that total capital outflows from EMs eased further in March, reaching a nine-month low of just under $40bn. One reason is that the recent improvement in sentiment towards EMs has... 13th April 2016 · 1 min read
