India Economics Update Core price pressures are building Consumer price inflation is likely to have accelerated further in September, due in large part to another rise in vegetable price inflation. Core price pressures are also building, meaning there is no... 6th October 2017 · 1 min read
India Economics Update RBI holds rates, renewed loosening unlikely The Reserve Bank of India (RBI) went with consensus expectations by keeping its repo rate on hold at 6.00% today. It also acknowledged the growing upside risks to the inflation outlook. As such... 4th October 2017 · 1 min read
India Data Response Manufacturing PMI (Sep.) India’s manufacturing PMI reading held steady in September, providing further evidence that the disruption caused by the introduction of the Goods and Services Tax (GST) at the start of Q3 was short... 3rd October 2017 · 1 min read
Asia Data Response Manufacturing PMIs (Sep.) Emerging Asia’s PMIs for September suggest the region’s manufacturing sectors ended Q3 on a solid note. Focussing on the two economies where the PMIs most closely track the hard data, Taiwan’s... 2nd October 2017 · 1 min read
India Economics Update Plans for universal electricity access will fall short Prime Minister Narendra Modi’s announcement of a new project aimed at “electrifying” all of India’s households by the end of 2018 has grabbed headlines this month. But even if this ambitious target is... 29th September 2017 · 1 min read
RBI Watch No scope for further loosening We are in agreement with financial market and analyst expectations of a rate hold in the Reserve Bank of India’s (RBI’s) upcoming policy meeting on 4th October. Further ahead, some are still expecting... 27th September 2017 · 1 min read
Metals Data Response China and India gold imports (Aug.) The latest trade data for India and China show that imports remained soft in August. We had always believed that demand in India would weaken in Q3 as a result of the implementation of the Goods &... 26th September 2017 · 1 min read
India Chart Pack Core price pressures are building Some have argued that the recent jump in inflation is all about a surge in volatile food prices, with the implication that it shouldn’t have a significant bearing on monetary policy. But this ignores... 21st September 2017 · 1 min read
India Economics Update Gold imports likely to ease The strength of gold imports in recent months is the result of temporary issues related to the new GST rather than buoyant underlying demand. As these issues get resolved, we expect gold imports to... 20th September 2017 · 1 min read
India Economics Update Bond yields continue to rise Indian bond yields have continued to rise so far in September. Looking ahead, with the RBI ramping up its open market sales and no scope for further policy loosening, we think that bond yields will... 20th September 2017 · 1 min read
India Economics Update Widening current account deficit no major concern While there was a widening in India’s current account deficit in Q2, the more important point is that the external shortfall remains small. Given also that FDI inflows remain strong, the economy looks... 19th September 2017 · 1 min read
India Data Response Wholesale Prices (Aug.) Indian wholesale price inflation rose in August, and looks set to accelerate further over the coming months. This is another reason to think that there is no scope for further monetary loosening. 14th September 2017 · 1 min read
India Economics Focus Which states are set to shine? There are vast differences in the economic prospects of India’s 36 states and union territories. The three richest large states – Maharashtra, Tamil Nadu and Gujarat – should continue to drive growth... 13th September 2017 · 1 min read
India Data Response Consumer Prices (Aug.) & Industrial Production (Jul.) Indian consumer price inflation accelerated sharply in August, and looks set to rise further over the coming months. As such, there is no scope for further monetary loosening. 12th September 2017 · 1 min read
Asia Chart Pack Will tougher sanctions on North Korea work? The United Nations has agreed a new set of sanctions on North Korea, which while falling short of what was originally demanded by the US, constitute the strongest sanctions ever imposed on the country... 12th September 2017 · 1 min read
India Economics Update Banking sector woes to persist Recent comments from former Reserve Bank of India (RBI) governor Raghuram Rajan mirror our longheld view that the key to reviving the ailing domestic banking sector is for the government to infuse... 8th September 2017 · 1 min read
