Asia Economics Update Korea: one more rate hike left The Bank of Korea (BoK) today raised interest rates by a further 25bps (to 3.25%) and the accompanying hawkish statement suggests the tightening cycle still has a little further to run. We are... 24th November 2022 · 3 mins read
Emerging Markets Economics Focus Higher interest rates exposing private sector debt risks Higher interest rates and larger private sector debt burdens mean that debt interest service ratios could rise to levels last seen in the 1990s in many EMs next year. This is unlikely to be a major... 17th November 2022 · 18 mins read
Asia Data Response Manufacturing PMIs, Korea Trade, Indonesia CPI Manufacturing PMIs across the region were downbeat in October owing to weak external demand and a deterioration in the employment outlook. We expect manufacturing to remain subdued, as weaker global... 1st November 2022 · 2 mins read
Asia Chart Pack Policymakers increase currency support Central banks across the region have been stepping up the pace of intervention in foreign exchange markets to support their currencies, resulting in a drop in FX reserves. In most countries, reserves... 31st October 2022 · 15 mins read
Asia Data Response Korea GDP (Q3) GDP growth in Korea slowed sharply in the third quarter of the year, and we think the economy will remain weak over the coming quarters as higher interest rates and weaker export demand weigh on... 27th October 2022 · 2 mins read
Asia Economics Weekly Korean consumers facing major headwinds Consumer spending in Korea looks to have held up well recently, but this looks set to change as higher inflation and rising interest rates start to drag on confidence. And with exports set to drop... 21st October 2022 · 7 mins read
Event Asia Drop-In: China’s Congress, more yen weakness, hawkish central banks and more 1666857600 Economists from across our Asia teams were online for this 20-minute briefing on the region’s big investment stories.
Asia Economics Update Korea: tightening cycle nearing an end We are resending this publication due to an error in the previous email. We apologise for any inconvenience caused. The decision by the Bank of Korea to raise its policy rate by a further 50bp (to 3.0... 12th October 2022 · 3 mins read
Asia Economics Weekly Bank of Korea: 25bp or 50bp hike? The consensus is expecting the Bank of Korea (BoK) to increase its policy rate by 50bp at its scheduled meeting on Wednesday. But with the economy slowing sharply, we think a 25bp hike is more likely. 7th October 2022 · 5 mins read
Asia Economics Update Korea: inflation to fall back more sharply in 2023 Continued worries about inflation mean the central bank (BoK) in Korea still has further work to do, and we are sticking with our view that the BoK will raise interest rates by at least 50bp between... 5th October 2022 · 2 mins read
Asia Data Response Manufacturing PMIs, Korea Trade, Indonesia CPI Manufacturing PMIs across the region were downbeat in September, as new export orders declined again. We expect conditions to remain subdued, as weaker global demand, high inflation and tighter... 3rd October 2022 · 2 mins read
Asia Economics Weekly Worries over weak won, slow recovery in Sri Lanka The continued weakness of the Korean won, which has fallen 15% against the US dollar since the start of the year, has become a growing concern for policymakers and is another reason to think the... 16th September 2022 · 8 mins read
Asia Economics Weekly Korea: slowing growth bigger concern than inflation Inflation and activity data published over the past few days have surprised to the downside, supporting our view that Korea’s tightening cycle will finish by the end of the year. 2nd September 2022 · 6 mins read
