Asia Economics Update Reserve Bank of India will hike soon India’s Reserve Bank (RBI) kept its key policy rates unchanged today, but also put the markets on notice to expect monetary tightening soon. Worries about the recovery are diminishing fast and the RBI... 27th October 2009 · 1 min read
Asia Economics Update Korea’s strong recovery points to November policy rate hike Korea’s Q3 GDP, published overnight, surprised on the upside yet again. The economy is unlikely to grow so strongly in coming quarters but continued recovery is not in doubt. The Bank of Korea’s... 26th October 2009 · 1 min read
Asia Economics Update Malaysia plans slow exit from fiscal stimulus Today’s 2010 budget aims to cut the fiscal deficit but Malaysia’s move to the exit will be more of a stroll than a sprint. Lower personal tax rates and higher relief on incomes will support household... 23rd October 2009 · 1 min read
Asia Chart Pack Other countries soon to follow Australia and lift rates (Oct 09) Economic upswings across the region have remained strong and, although inflation pressures remain generally low, asset price concerns are climbing and the need to keep policy rates at super-loose... 21st October 2009 · 1 min read
Asia Economics Update Bank of Thailand to stay in the slow lane The Bank of Thailand left policy interest rates on hold at 1.25% today, as was widely expected. Although the economic recovery is gaining some traction, there is little risk that inflation will... 21st October 2009 · 1 min read
UK Housing Market Update Australian experience does not alter the outlook for UK house prices In common with the UK, house prices in Australia have also staged a surprising recovery this year. Both markets suffer from structural housing supply shortages, so this could suggest that we are being... 20th October 2009 · 1 min read
Asia Economics Update Singapore upswing to stay strong despite 2010 risks Asia’s second Q3 GDP release showed Singapore’s recovery remained powerful. We expect the upswing to stay strong for some time, even though manufacturing will be thrown around by the volatile... 12th October 2009 · 1 min read
Asia Economics Update Korean rates set to stay low The Bank of Korea (BoK) left its policy rate unchanged today, as expected. Mortgage lending curbs are tackling property bubble concerns and core inflation will likely trend lower. Korea’s GDP recovery... 9th October 2009 · 1 min read
Asia Economics Update Indian rupee on a roll that looks set to continue The rupee has climbed 3% against the US dollar over the last few days which, by recent standards, is a big move. We have long expected the appreciation and more looks on the way as India’s balance of... 7th October 2009 · 1 min read
Asia Economics Update Australian rate-tightening cycle will be modest The Reserve Bank of Australia (RBA) raised its cash rate to 3.25% today, sooner than most had expected. Markets are now pricing in further rate rises back up to a “neutral” level of 5.0-5.5% by late... 6th October 2009 · 1 min read
Asia Economics Update Bank Indonesia holds rates but probably not for much longer Bank Indonesia (BI) left its overnight lending rate at 6.5% today, as expected, and retained its neutral bias. But inflation looks set to rise sharply over the next few months and we believe that the... 5th October 2009 · 1 min read
Asia Economics Update PMIs add to impression of Asian strength Asia’s PMI releases today add to the weight of evidence that Asia’s recovery has plenty of positive momentum. 1st October 2009 · 1 min read
Asia Economics Update First Philippine rate rise likely in Q2 2010 Today the Philippines’ central bank, as expected, left its policy rate unchanged at 4% and retained a neutral bias. The economic impact of Tropical Storm Ketsana should be small and the GDP upswing is... 1st October 2009 · 1 min read
China Economics Update PMIs add to impression of Asian strength Asia’s PMI releases today add to the weight of evidence that Asia’s recovery has plenty of positive momentum. 1st October 2009 · 1 min read
Asia Economics Update Thailand’s recovery still up and running, but pauses for breath Thailand’s recovery faltered in August but GDP still looks on track to climb in Q3. Investment and household spending will continue to lead the way and will offset yet another drag from net exports. 30th September 2009 · 1 min read
Asia Economics Update Vietnam’s impressive rebound threatens overheating Vietnam is always the first in Asia to publish quarterly GDP and the Q3 data published today showed that its economic recovery is gaining strength. The improvement, as in China, is coming on the back... 29th September 2009 · 1 min read
