Asia Economics Update Misplaced optimism in India India’s central bank seems remarkably sanguine about the economic outlook given that even the country’s more optimistic firms are struggling to raise funds for investment and the next government will... 21st April 2009 · 1 min read
Asia Economics Update Indian central bank still has a lot more work to do The Reserve Bank of India’s (RBI) decision to cut the key benchmark rate by 50bp today signals its determination to shore up a flagging economy. But with the key rate still relatively high at 5.0% and... 4th March 2009 · 1 min read
Asia Economics Update Disappointing budget passes the buck to the RBI The latest fiscal policy initiatives unveiled today in India will not boost its flagging economy. With exports plummeting and industry facing a severe credit crunch, there is increasing pressure on... 16th February 2009 · 1 min read
Asia Economics Update Further rate cuts in India imminent alongside fiscal easing With the economy reeling from the slowdown overseas and a domestic credit crunch, and with limited room for fiscal easing, the Reserve Bank of India (RBI) will cut rates fairly soon. We think the RBI... 12th February 2009 · 1 min read
Asia Economics Update Reserve Bank of India not finished cutting rates The Reserve Bank of India’s (RBI) decision to keep the key policy rate unchanged has reinforced market expectations that rates will remain on hold in the next few month. But with the economy in the... 27th January 2009 · 1 min read
Asia Economics Focus Indian GDP growth set to halve as credit crunch bites The Indian economy is facing a severe credit crunch which will hit investment spending, the main driver of growth in recent years, extremely hard. We expect GDP growth to fall to around 4% next year... 17th December 2008 · 1 min read
Asia Economics Update Policy easing in India won’t save the day The latest fiscal and monetary policy initiatives unveiled this weekend in India are unlikely to boost its flagging economy. With exports plummeting, industry facing a severe credit crunch and... 8th December 2008 · 1 min read
Asia Economics Update Policy easing in India won't prevent sharp slowdown With the aftershocks from the Mumbai terror attacks adding to the downside risks to growth, further rate cuts and a fiscal stimulus look imminent in India. But these measures are unlikely to ward off... 5th December 2008 · 1 min read
Asia Economics Update India’s central bank pauses for breath, cuts to resume shortly Today’s decision by the Reserve Bank of India (RBI) to leave policy rates on hold was widely expected after recent actions proved successful in calming India’s money markets. Nonetheless, with... 24th October 2008 · 1 min read
Asia Economics Update India tries to boost investor confidence with big rate cut Today’s unexpected 100 basis point (bp) cut by the Reserve Bank of India (RBI) in the key repo lending rate, to 8.0%, is intended to boost investor and consumer confidence. But given that this is the... 20th October 2008 · 1 min read
Asia Economics Update India's financial stability fears prompt another reserve ratio cut Today’s announcement by the Reserve Bank of India (RBI) of another cut in the cash reserve ratio suggests that the shift in focus away from inflation is towards financial stability and not growth. 15th October 2008 · 1 min read
Asia Economics Update Credit crisis prompts India to loosen monetary stance Today’s surprise announcement by the Reserve Bank of India (RBI) of a 50 basis point (bp) cut in the cash reserve ratio is the latest indication that the country is not immune to the global financial... 6th October 2008 · 1 min read
Asia Economics Focus Will the BRICs win the inflation battle? We expect inflation of 4% or below in China next year, but mounting core pressures mean that Russia is likely to suffer double-digit inflation for the rest of this decade. But the policy response may... 20th August 2008 · 1 min read
Global Economics Focus Will the BRICs win the inflation battle? We expect inflation of 4% or below in China next year, but mounting core pressures mean that Russia is likely to suffer double-digit inflation for the rest of this decade. But the policy response may... 20th August 2008 · 1 min read
Asia Economics Update Ambitious inflation targets suggest more tightening to come By taking tougher than expected action, today’s rate hikes provide welcome reassurance that the Reserve Bank of India (RBI) is serious about tackling rising prices and will help keep inflation... 29th July 2008 · 1 min read
Asia Economics Update Cautious optimism after Indian coalition wins “trust” vote Today’s narrow confidence vote win, by 275 to 256 votes, gives a much needed boost of political capital to India’s beleaguered Indian National Congress (INC) party. We are cautiously optimistic that... 22nd July 2008 · 1 min read
