Asia Economics Update Taiwan’s slow tightening cycle still has far to go Taiwan’s slow pace of interest rate hikes is likely to continue into next year against a backdrop of strong economic growth and lingering property price concerns. 1st July 2011 · 1 min read
Global Markets Focus Will emerging markets outperform again? The relative valuations of emerging market equities and bonds are no longer as attractive as they have been in the past. But the fears of overheating and hard landings that have held many back so far... 1st July 2011 · 1 min read
Asia Economic Outlook End of Asia’s policy tightening in sight Policy rates across Emerging Asia are likely to rise further towards pre-crisis levels in the coming months. However,tightening cycles should end next year with rates below their 2008 peaks. Most... 1st July 2011 · 1 min read
Asia Economics Weekly What's driving the surge in India's exports? The strength of the recent surge in India’s exports is partly a result of the rise in prices of commodities, and particularly metals. As such, we expect export growth to moderate in the coming months... 28th June 2011 · 1 min read
Asia Economics Weekly Singapore's economy set for a soft landing Singapore’s small, open economy is susceptible to weakening global conditions, but we believe that growth will prove to be resilient this year. Strengthening domestic demand and intraregional links... 21st June 2011 · 1 min read
Asia Economics Weekly Singapore's economy set for a soft landing Singapore’s small, open economy is susceptible to weakening global conditions, but we believe that growth will prove to be resilient this year. Strengthening domestic demand and intraregional links... 21st June 2011 · 1 min read
Asia Economics Update More policy tightening to come in the Philippines The Philippines’ central bank (BSP) unexpectedly left its overnight rate at 4.5% today, but it did tighten policy settings by hiking its reserve-requirement ratio. Growth in 2011-12 looks set to be... 17th June 2011 · 1 min read
Asia Economics Update Reserve Bank of India hikes again, but not for last time The Reserve Bank of India’s (RBI) decision to raise its repo rate by 25bp to 7.5% from today was widely expected following the further rise in inflation in May. We now expect inflation to peak at... 17th June 2011 · 1 min read
Asia Economics Update Sri Lanka's central bank likely to tighten later this year The Central Bank of Sri Lanka (CBSL) kept its policy rates on hold today, as expected. Core inflation is low, but current policy settings are very accommodative while the economy is set for another... 15th June 2011 · 1 min read
Asia Economics Weekly End of Korea's tightening cycle in sight The Bank of Korea's decision to raise its policy rate by 25bp to 3.25% on Friday surprised the consensus which had expected no change but was in line with our view. We expect another hike in Q3 and... 14th June 2011 · 1 min read
Asia Economics Update Bank Indonesia to tighten again this year Bank Indonesia (BI) kept its reference rate at 6.75% today, as was widely anticipated. The central bank is still relying on rupiah appreciation to ease the blow from higher commodity prices... 9th June 2011 · 1 min read
Asia Economics Update Australia's cash rate still likely to be hiked this year The Reserve Bank of Australia (RBA) held its cash rate at 4.75% today, as expected. The global economy looks to be slowing, but above-trend growth is nonetheless still likely in Australia and there is... 7th June 2011 · 1 min read
Asia Economics Update Pakistan's fiscal target may prove difficult to achieve Pakistan’s federal budget was announced late last week with the aim to narrow the chronic fiscal deficit. The government is rightly looking to broaden the tax base and scale back subsidies, but... 6th June 2011 · 1 min read
Asia Economics Weekly Bank Indonesia to bide its time, but not for long We have changed our forecast that Bank Indonesia (BI) will raise its policy rate on Thursday and now believe that the reference rate will be held at 6.75%. This is because headline inflation continues... 6th June 2011 · 1 min read
Asia Economics Update Emerging Asia PMIs fall but still point to industrial growth Purchasing Managers’ Indices (PMIs) released today for India, Korea, Taiwan, Singapore and Australia all worsened. However, the declines were generally small. These data suggest that manufacturing... 1st June 2011 · 1 min read
Asia Economics Update Australia's economic weakness will not last long Today’s Q1 GDP data show that Australia’s economy contracted in early 2011 at its fastest pace since the 1991 recession. However, the weakness was down to local floods and Cyclone Yasi. Growth will... 1st June 2011 · 1 min read
