Emerging Asia Economics Update
Taiwan’s central bank today raised its main policy rate by 12.5bp (to 1.625%), and with inflation easing and growth set to struggle, further tightening is likely to be gradual.
Emerging Asia Economics Update
Bank Indonesia (BI) today raised interest rates by a further 50bp (to 4.25%) and signalled that more tightening was likely as it aims to support the currency and clamp down on rising inflation. We are...
RBI Watch
We expect the MPC to continue frontloading policy tightening with another 50bp hike to the repo rate (to 5.90%) at the conclusion of its upcoming meeting on Friday 30th September. Beyond next week, we...
Emerging Asia Economics Update
The central bank of the Philippines (BSP) today raised its main policy rate by another 50bp (to 4.25%), and signalled that more hikes were likely in the near term. While further tightening is likely...
Latin America Economics Update
The Brazilian central bank’s decision to leave the Selic rate unchanged at 13.75% after 12 consecutive hikes makes it one of the first central banks globally to bring its tightening cycle to an end...
Japan Economics Update
The Bank of Japan kept policy loose and retained its easing bias today and we think it won’t tighten policy even as underlying inflation reaches its 2% target.
Emerging Asia Economics Rapid Response
India Chart Book
The RBI this month asked four public-sector banks to trial its central bank digital currency (CBDC) before year-end, keeping to the timeline that it set out when plans were first announced in the FY22...
US Chart Book
The Fed looks set to deliver a third consecutive 75bp rate hike tomorrow, but if we’re right that inflation will fall back soon, officials will quickly pivot to much smaller hikes. The continued drop...
Canada Economics Weekly
We still expect the peak in interest rates to be markedly lower in Canada than the US, as household debt is a lot higher, labour market conditions are weaker and there is scope for a much bigger drop...
Emerging Europe Economics Weekly
The latest batch of inflation data out of Central and Eastern Europe (CEE) provides support to our view that tightening cycles in Czechia and Poland are at an end, but that Hungary’s central bank will...
