Asia Economics Update Philippines' upgrade as good as it gets for a long time S&P on Friday lifted the Philippines’ sovereign foreign currency debt rating from BB- to BB. The move reflects the strong balance of payments, the implementation of new reforms which will lift trend... 15th November 2010 · 1 min read
Asia Economics Update India's upswing set to stay strong Industrial output growth slowed sharply in September while the annual gain in wholesale prices eased a little in October. The Reserve Bank (RBI) has already made it clear that policy rates will almost... 15th November 2010 · 1 min read
Asia Economics Weekly Korea's monetary tightening set to resume The Bank of Korea meets on Tuesday and, we judge, will probably lift its 7-day repo rate by 25bp to 2.5%. GDP growth has inevitably slowed given the tougher global environment but domestic demand is... 15th November 2010 · 1 min read
Asia Economics Update Policy tightening in Malaysia has paused, not finished Bank Negara Malaysia (BNM) left policy interest rates unchanged today at 2.75%, as expected. The slowdown in GDP growth probably has further to go but we still anticipate that the upswing will regain... 12th November 2010 · 1 min read
Asia Economics Update Australia's fiscal consolidation remains on track The latest budget projections published today confirm that Australia’s fiscal position is exceptionally strong when compared to other high-income economies. The overall budget will move back into... 9th November 2010 · 1 min read
Asia Economics Weekly Malaysia to resume policy tightening next year Malaysia’s central bank (BNM) meets to set policy interest rates on Friday and will likely leave the overnight rate unchanged at 2.75%. The economic upswing is losing some momentum and inflation will... 8th November 2010 · 1 min read
Asia Economics Focus Emerging markets will not rescue the rest of the world Emerging market economies will continue to grow rapidly over the next few years. But with current account surpluses in most of Asia and among oil producers likely to remain high, this will not be of... 8th November 2010 · 1 min read
China Economics Focus Emerging markets will not rescue the rest of the world Emerging market economies will continue to grow rapidly over the next few years. But with current account surpluses in most of Asia and among oil producers likely to remain high, this will not be of... 8th November 2010 · 1 min read
Asia Economics Update Vietnam makes the right move Vietnam’s central bank (SBV) lifted its policy rate by 100bp, to 9%, late on Friday. The adjustment is a step in the right direction but far more has to be done to ensure that inflation slows to the... 8th November 2010 · 1 min read
Asia Economics Update Indonesia's upswing remains in good shape Data published today show that Indonesia’s GDP growth eased to 5.8% y/y in Q3. The slowdown is due to one-off factors and is not a cause for concern. Economic growth will stay strong in coming... 5th November 2010 · 1 min read
Asia Economics Update Capital flows into Asia set to bring stock market bubbles Capital inflows into Emerging Asia stock markets were high in October and will probably stay strong in coming months. This huge challenge will continue to be managed through the combination of more... 4th November 2010 · 1 min read
Asia Economics Update Bank Indonesia will probably hike rates soon It was no surprise that Bank Indonesia (BI) today left the repo rate unchanged at 6.5%. But BI has become more hawkish on the outlook for inflation despite the prospect that the rupiah will appreciate... 4th November 2010 · 1 min read
Asia Economics Update Are Vietnam's policy-makers losing the plot? October data from Vietnam have brought a sharp acceleration in annual inflation and another increase in the merchandise trade deficit. Nevertheless, the authorities continue to target faster credit... 2nd November 2010 · 1 min read
Asia Economics Update Services will cushion Singapore's economic slowdown Singapore’s labour market stayed strong in Q3 while the October manufacturing sector PMI, published today, picked up and suggests that the slowdown in industry and exports is close to bottoming out... 2nd November 2010 · 1 min read
Asia Economics Update Australia's monetary tightening has a long way to go The Reserve Bank of Australia (RBA) unexpectedly hiked its cash rate by 25bp to 4.75% today. While the exact timing was a surprise, the resumption of monetary tightening was only a matter of when, not... 2nd November 2010 · 1 min read
Asia Economics Update India's tightening cycle is just about finished The Reserve Bank of India (RBI), as expected, today lifted both the repo rate and reverse repo rate by 25bp. However, inflation will probably slow soon and the RBI is increasingly concerned about high... 2nd November 2010 · 1 min read
