India Rapid Response Consumer Prices (Jun.) Headline consumer price inflation came in at 4.8% y/y in June, comfortably within the RBI’s 2-6% tolerance range. But that’s already old news given the surge in vegetable prices so far in July and the... 12th July 2023 · 2 mins read
Australia & New Zealand Economics Update RBNZ’s hiking cycle is over The decision by the Reserve Bank of New Zealand to leave rates on hold at 5.50% came as a surprise to no one. Indeed, the Committee noted that monetary policy in New Zealand had turned restrictive far... 12th July 2023 · 3 mins read
Japan Rapid Response Japan Machinery Orders (May 2023) The fall in “core” machinery orders in May points to a significant fall in spending on machinery and transport equipment, contradicting more upbeat capital goods shipments data. We’re going with a... 12th July 2023 · 2 mins read
China Rapid Response Bank Lending & Broad Credit (Jun.) Although stronger than most had expected, bank loan growth still fell to its lowest in five months in June, while broad credit growth dropped to a record low. The continued deceleration adds to the... 11th July 2023 · 3 mins read
Japan Chart Pack Japan Chart Pack (Jul. 2023) This new Chart Pack has been designed to replace our Chart Book in response to client feedback to make our insights more accessible, and with more options to incorporate them into your workflow. Use... 11th July 2023 · 1 min read
India Economics Update The implications of a severe El Niño for India A severe El Niño event could be the harbinger of weak monsoon rains in India. This wouldn’t have as big an economic impact as it would have had a couple of decades ago. But it would harm employment... 10th July 2023 · 4 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Jul. 2023) This new Chart Pack has been designed to replace our Chart Book in response to client feedback to make our insights more accessible, and with more options to incorporate them into your workflow. Use... 10th July 2023 · 1 min read
China Rapid Response Consumer & Producer Prices (Jun.) Producer price deflation deepened further last month to its lowest in more than seven years, and consumer price inflation dropped to a 28-month low of 0%. Core inflation continued to fall as the... 10th July 2023 · 3 mins read
Commodities Weekly Russia & Saudi cuts; China’s control over critical metals Despite the flurry of macro data, it was a relatively quiet week for most commodity prices. Generally, a slight weakening in the US dollar, on net, contributed to small price rises. Oil prices were... 7th July 2023 · 4 mins read
FX Markets Update Intervention time: what next for the yen and the renminbi? China has stepped up its support of the renminbi and Japan appears to be edging closer to direct intervention to prop up the yen. While pressure from higher US interest rates may well continue in the... 7th July 2023 · 5 mins read
India Economics Weekly Food inflation concerns are mounting The upside risks to our inflation forecasts for this year are building given the sharp rise in vegetable prices in July and El Ni ño related weather uncertainties. We aren't inclined to forecast... 7th July 2023 · 5 mins read
Asia Economics Weekly El Niño key upside risk to inflation in Asia Inflation across Asia continued to slow in June and is likely to fall further over the coming months. The key risk to the outlook is the weather – El Niño conditions have arrived in the Pacific and... 7th July 2023 · 7 mins read
Australia & New Zealand Economics Weekly Pay hikes in collective bargaining agreements soar Notwithstanding the RBA's decision to leave rates on hold on Tuesday, we still expect the Bank to deliver three more 25bp rate hikes before bringing its tightening cycle to an end. Indeed, the case... 7th July 2023 · 5 mins read
Japan Economics Weekly Limited fallout from Chinese export curbs China’s curbs on exports of germanium and gallium probably won’t make much of a dent on Japan’s economy. There would be a much bigger impact if China were to restrict rare earth exports as well. But... 7th July 2023 · 5 mins read
