Asia Economics Update Rupee weakness complicates India's policy outlook Growing concern about the rupee’s decline and lingering worries about inflation appear to have been the key factors in the Reserve Bank of India’s decision to keep the repo rate unchanged at 7.25%... 17th June 2013 · 1 min read
Asia Economics Update India's inflation eases further, but RBI should remain on hold Today’s further fall in India's wholesale price inflation will come as a relief to policymakers. While the odds of a rate cut have now risen, we still think the Reserve Bank of India (RBI) will opt to... 14th June 2013 · 1 min read
Asia Economics Update Rupee decline highlights India’s fundamental weaknesses Talk of “policy tapering” by the Federal Reserve has been the catalyst for a broad-based sell-off in emerging market currencies. Within Asia, the worst performer has been the rupee. Its decline... 12th June 2013 · 1 min read
Asia Economics Update May PMIs suggest manufacturing recovery continues to falter The May PMIs for emerging Asia suggest the region’s manufacturing recovery has lost momentum. Most central banks have loosened monetary policy in recent months, but they will not be able to fully... 3rd June 2013 · 1 min read
Asia Economics Update India's recovery is underway, but it will be gradual Marginally stronger GDP growth signals a bottoming out of India's growth slump. But domestic demand remains weak. Against this background, and following its three rate cuts so far this year, we think... 31st May 2013 · 1 min read
Asia Chart Pack Weak growth prompts monetary easing Economic growth slowed nearly everywhere in Asia last quarter. This weakness, alongside low inflation and, in the case of Korea and Australia, worries over currency strength, prompted five central... 22nd May 2013 · 1 min read
Asia Economics Update Lower Indian inflation unlikely to result in imminent rate cut The continuing slide in India’s wholesale price inflation will come as a relief to policymakers, but expectations of another near-term rate cut are likely to be disappointed. The RBI will want to see... 14th May 2013 · 1 min read
Asia Economics Update India set to take a more cautious approach to rate cuts Today's policy rate cut by the Reserve Bank of India (RBI) is likely to be the last for several months. We think the RBI will pause to assess the impact of the 75bp of rate cuts seen so far this year... 3rd May 2013 · 1 min read
Asia Economics Update April PMIs point toward soft recovery The May PMIs for emerging Asia suggest the manufacturing recovery is still struggling for momentum. Importantly, new export orders faltered this month. Loose monetary policy will only partly... 2nd May 2013 · 1 min read
Asia Economics Update Drop in inflation does not clear the way for a policy rate cut Last month’s drop in India’s wholesale price inflation will have come as a relief to policymakers who have been trying, with limited success, to lower inflation over the last three years. Market... 15th April 2013 · 1 min read
Asia Economics Update India's industrial recovery fails to convince Today’s industrial production data were better than expected, confirming that India’s industry is picking up. But the data also highlight the growing imperative for a faster pace of approvals of... 12th April 2013 · 1 min read
Asia Economic Outlook South East Asia to outperform Emerging Asia began the year with plenty of momentum, but the recovery is already showing signs of losing steam. Growth in 2013-14 is likely to be slower than has been the norm. Lacklustre global... 4th April 2013 · 1 min read
Asia Chart Pack Signs that Asia's recovery may be losing steam Economic activity in emerging Asia rebounded strongly in the final quarter of last year. However, there are signs that the recovery may be running out of steam. Our GDP tracker dipped slightly in... 26th March 2013 · 1 min read
Asia Economics Update India’s central bank becoming hamstrung by macro risks The Reserve Bank of India stuck to the script and eased monetary policy today. Looking ahead, the market consensus is for another 25bp cut before year-end. However, we expect a long policy hold. While... 19th March 2013 · 1 min read
Asia Economics Update Uptick in Indian inflation unlikely to impede rate cut Higher-than-expected wholesale price inflation in India has raised some doubts about whether policy easing is imminent. However, a closer look at today’s data shows that core inflation has dropped to... 14th March 2013 · 1 min read
Asia Economics Update India's industrial recovery remains fragile, rate cut likely Better-than-expected industrial production data have provided some cause for market cheer in India. However, a close look at the data underlines how fragile the recovery remains. We continue to expect... 12th March 2013 · 1 min read
