Julie Nicol

Julie Nicol is the Office Administrator in Singapore, working closely with the London office as well as providing support to the local sales team.

Japan Data Response

Labour Market & Activity (Aug.) & Tokyo CPI (Sep.)

Today’s activity data showed a rebound in August but that won’t prevent a slowdown in GDP growth in Q3. The labour market remains tight and price pressures in the capital have strengthened further.

28th September 2018 1 min read

Australia & New Zealand Economics Weekly

Budget deficit, Royal Commission and election risk

The shrinking budget deficit gives the Coalition government a bit more fiscal ammunition to deploy ahead of Australia’s next Federal election, while there is no way of knowing at this stage how the...

28th September 2018 1 min read

RBI Watch

Policy rates set to be hiked again

Ever since starting its rate-hiking cycle in June, the RBI made clear that the future path of monetary policy will be determined by incoming data. With GDP growth surging to a two-year high in Q2 and...

27th September 2018 1 min read

Australia & New Zealand Chart Pack

A good year for growth

The surprising strength of economic growth in the second quarter has led us to revise up our forecasts for GDP growth in the 2018 calendar year from 2.5% to 3.2% for Australia and from 2.5% to 2.7%...

26th September 2018 1 min read

RBA Watch

Rates may not rise until late in 2020

Although the Reserve Bank of Australia will note the strength of the recent news on the domestic economy while leaving interest rates at 1.50% at the meeting on Tuesday 2nd October, it’s unlikely to...

25th September 2018 1 min read

Japan Economics Weekly

Loose monetary policy not undermining bank lending

Recent comments by Prime Minister Abe suggest that he is no longer obsessed with overcoming deflation and would like the Bank of Japan to focus more on the financial stability part of its mandate...

21st September 2018 1 min read

China Activity Monitor

Growth holding up but outlook still challenging

Our China Activity Proxy (CAP) shows surprisingly rapid growth in August. But with the impact of property controls and slower credit creation yet to be fully felt, growth still faces near-term...

21st September 2018 1 min read

Australia & New Zealand Economics Weekly

Our new forecasts and the RBA’s trade war fears

After revamping all our forecasts, we have concluded that the RBA and the RBNZ probably won’t raise interest rates until late in 2020 and late in 2021 respectively. That explains why we now expect the...

21st September 2018 1 min read

India Economics Weekly

Bank merger another step in right direction

The government’s announcement this week that it will merge three state-run banks is another step in the right direction towards fixing the beleaguered banking system, following on from the...

21st September 2018 1 min read

Japan Data Response

Flash Manufacturing PMI (Sep.)

The continued increase in the manufacturing PMI in September suggests that industrial activity should soon start to strengthen again.

21st September 2018 1 min read

Japan Data Response

Consumer Prices (Aug.)

Underlying inflation climbed to a four-month high in August and should pick up further ahead of next year’s sales tax hike. But price pressures will weaken once the tax has been raised and the BoJ’s 2...

21st September 2018 1 min read

Japan Economics Update

What to expect from three more years of Abenomics?

Mr Abe will remain Prime Minister for another three years. That means fiscal policy will probably be tightened further, monetary policy will remain loose and policymakers may take some further steps...

20th September 2018 1 min read

Japan Data Response

External Trade (Aug.)

Import volumes seem to have outpaced export volumes yet again in August which supports our view that net trade remained a drag on Q3 GDP growth.

19th September 2018 1 min read

China Economics Weekly

China settling in for long haul on trade

Both sides in the US-China trade dispute have struck a more conciliatory tone in recent days. The White House has proposed renewed high-level talks. Meanwhile, Chinese officials are rowing back...

14th September 2018 1 min read

India Data Response

Wholesale Prices (Aug.)

The moderation in wholesale price inflation in August was in large part due to another drop in food inflation. But core inflation remained elevated, supporting our view that the RBI’s tightening cycle...

14th September 2018 1 min read

Australia & New Zealand Economics Weekly

Conditions for higher wages (slowly) falling into place

This week the Australian economy took one more step towards meeting the conditions that would require higher interest rates, but it may be another 12-18 months at the least before the RBA has enough...

14th September 2018 1 min read