Asia Economics Update Dovish Bank Indonesia in no hurry to raise rates Bank Indonesia left interest rates unchanged today and the dovish tone from the press conference suggests the central bank is in no rush to tighten policy. We are maintaining our view the central bank... 24th May 2022 · 3 mins read
Asia Economics Weekly Asia late to tightening but won’t have to go far Central banks in India, the Philippines and Malaysia have all raised interest rates for the first time this cycle in recent weeks, and we expect further hikes next week in Indonesia, Korea and... 20th May 2022 · 9 mins read
Asia Data Response Indonesia GDP (Q1) Growth slowed in Q1 as Omicron held back the recovery at the start of the quarter. Activity is rebounding now that the economy has reopened, but other headwinds are growing. China Drop-In (12 th May... 9th May 2022 · 3 mins read
Commodities Update Not just Indonesia export ban boosting palm oil prices We expect Indonesia’s latest ban on palm oil exports to be short-lived, but constrained supply and the high prices of other edible oils, coupled with elevated oil prices, will support the price of... 5th May 2022 · 3 mins read
Asia Chart Pack Tightening cycles to be gradual Central banks across the region have recently turned more hawkish. Over the past month or so, policymakers in Korea, Taiwan, Singapore, Sri Lanka, India and Pakistan have all tightened policy... 29th April 2022 · 14 mins read
Asia Economics Weekly Indonesia palm oil ban Indonesia has caused turmoil in global commodity markets over the past week with its decision to ban exports of palm oil. However, given the importance of the sector to Indonesia’s economy and the... 29th April 2022 · 5 mins read
Asia Economic Outlook New headwinds emerge Our GDP growth forecasts are generally above the consensus, but with higher commodity prices and weaker global demand set to weigh on economic recoveries, growth across much of Emerging Asia will be... 28th April 2022 · 35 mins read
Asia Economics Update Bank Indonesia to tighten gradually Bank Indonesia left its main policy rate unchanged at 3.5% at its meeting today, and the relatively benign outlook for inflation means the tightening cycle is likely to be very gradual. 19th April 2022 · 3 mins read
Asia Data Response Manufacturing PMIs, Korea Trade (Mar.) While Korean trade data show exports remained buoyant, regional Manufacturing PMIs point to lost momentum. With headwinds to export-focussed industry mounting, there are tougher times ahead. 1st April 2022 · 3 mins read
Asia Economics Update Bank Indonesia to tighten policy gradually Bank Indonesia (BI) left interest rates unchanged at 3.5% at its meeting today, and the weakness of inflation and strong performance of the rupiah mean the tightening cycle is likely to be very... 17th March 2022 · 2 mins read
Asia Data Response Manufacturing PMIs, Korea Trade (Feb.) February Manufacturing PMIs and Korean trade data show that regional industry had another strong month. This should offset some of the Omicron-related weakness in service sectors this quarter. 1st March 2022 · 2 mins read
Asia Chart Pack How will central banks respond to rising oil prices? The recent jump in oil prices poses a significant upside risk to our inflation and interest rate forecasts for this year. Central banks would normally “look through” a one-off jump in the price level... 28th February 2022 · 14 mins read
Asia Economics Weekly Ukraine adds to inflation risks, SE Asia reopening The recent rise in oil prices poses a key upside risk to our inflation forecasts. We already expect rate hikes this year in Korea, India and Indonesia. We think Taiwan, where price pressures have... 18th February 2022 · 8 mins read
Asia Economics Update Bank Indonesia to tighten policy gradually Bank Indonesia left interest rates unchanged at 3.5% at its meeting today, and the weakness of inflation means the tightening cycle is likely to be very gradual. 10th February 2022 · 3 mins read
Asia Data Response Indonesia GDP (Q4) Indonesia’s economy rebounded strongly in the final quarter of last year, but the recovery is now entering a more difficult phase. Omicron will act as a small obstacle in the first quarter. But a... 7th February 2022 · 3 mins read
Asia Economics Weekly Encouraging developments in the Philippines The Philippines has been hit harder than any other country in the region by the pandemic, but the past week has at least brought some good news. The latest Omicron wave appears to have had only a... 4th February 2022 · 8 mins read
