Korea Trade (1st – 20th Feb.)

Korean trade data for the first 20 days of February add to the evidence that factory closures in China are disrupting local industry.
Alex Holmes Emerging Asia Economist
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Emerging Asia Economics Weekly

BoK hawkish, vaccine hopes, Singapore trade softens

Policymakers in Korea have started to sound increasingly hawkish about the outlook for monetary policy, supporting our view that the Bank of Korea will begin raising interest rates before the end of the year. Meanwhile, we have cut our Singapore growth forecast for this year from 7.0% to 6.0% to reflect the recent pullback in exports and the government’s decision to postpone the planned reopening of the economy.

18 June 2021

Emerging Asia Economics Update

Taiwan: no rush to hike rates despite booming economy

Taiwan’s central bank (CBC) left interest rates unchanged today at 1.125% despite the booming economy. With inflation relatively subdued and the currency at multi-year highs against the US dollar, we suspect the CBC will be in little hurry to start tightening.

17 June 2021

Emerging Asia Economics Update

Indonesia: policy to remain on hold for some time

Bank Indonesia (BI) left its policy rate unchanged at 3.5% today and signalled that it was in no rush to adjust its monetary policy settings again this year. We expect rates to remain low to support the recovery for some considerable time.

17 June 2021

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Emerging Asia Economics Update

Bank of Korea unlikely to alter policy soon

The Bank of Korea (BoK) left its main policy rate on hold at 0.50% today and given that the recovery still has a way to go, the BoK is likely to leave policy accommodative for at least the next few quarters. But concerns about financial stability are clearly growing, raising the prospects of rate hikes next year.The decision to hold…

16 June 2021

Emerging Asia Data Response

Korea Trade (1st – 10th June)

Korean export values dipped a little at the start of June after a record high in May, but external shipments remain well above their pre-crisis level and should continue to boost GDP growth.

11 June 2021

Emerging Asia Economics Weekly

Korea vaccinations surge, Philippines rate cuts loom

A surge in vaccinations in Korea has brightened the prospects for the consumer recovery and strengthened our view that the central bank will be able to begin tightening monetary policy this year. In contrast, the central bank in the Philippines is looking increasingly likely to cut rates, with its governor noting this week that he was "open to doing more".

4 June 2021
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