Event Asia Drop-In: What does the recent banking sector turmoil mean for Asia? 1680163200 Although the recent flare-up of financial stability concerns has been a US-Europe story, its reverberations could be global.
India Chart Pack Vulnerabilities lurk in the banking sector Spill-overs from the turmoil in the global banking system to India have been limited so far, but the big unknown is whether difficulties will flare up at home. Bank problems can arise via multiple... 22nd March 2023 · 9 mins read
Asia Economics Update Sri Lanka: Difficult times ahead despite IMF deal The deal announced yesterday between Sri Lanka and the IMF should eventually pave the way for a sustained economic recovery. However, the tough conditions being imposed as part of the agreement mean... 21st March 2023 · 4 mins read
Japan Economics Update Quantifying the risks from banks’ foreign claims With bond yields now dropping back again, the drag from unrealised losses on banks’ capital ratios should start to reverse. However, a sharp increase in losses on banks’ foreign loan portfolio has yet... 21st March 2023 · 4 mins read
India Economic Outlook Near-term softness, long-term optimism The RBI’s tightening cycle is in its final throes and, as the economy softens and inflation drops back to within the central bank’s 2-6% target range, we think rates cuts will materialise in early... 20th March 2023 · 20 mins read
Australia & New Zealand Economic Outlook Tightening cycles nearing their end Both the RBA and the RBNZ have more work to do to rein in the recent surge in inflation. That aggressive monetary tightening is starting to take its toll on economic activity and we expect GDP growth... 20th March 2023 · 2 mins read
China Economics Weekly China has its own banking sector vulnerabilities China’s financial system has limited direct exposure to foreign banks. But recent global banking strains still pose some downside risk to the country’s economy. And China’s banking sector has... 17th March 2023 · 5 mins read
Asia Economics Weekly Can Asia continue to ride out the global storm? The impact of the current turmoil on Emerging Asia has so far been relatively small, and most currencies have appreciated against the US dollar over the past week. Large current account surpluses mean... 17th March 2023 · 7 mins read
China Economics Update RRR cut not a major easing move The People’s Bank (PBOC) has just announced a cut to the required reserve ratio (RRR). This will provide a bit of financial relief for China’s large and medium-sized banks. It may also help nudge down... 17th March 2023 · 4 mins read
India Economics Weekly SVB and Credit Suisse fallout, April rate hike For India, the fallout from the SVB collapse and Credit Suisse crisis has been limited. The big unknown is whether banking sector problems will flare up elsewhere. At the aggregate level, the Indian... 17th March 2023 · 3 mins read
Australia & New Zealand Economics Weekly RBA will shrug off market jitters Amid signs of trouble in the global banking system, markets believe that the RBA is done tightening and that rate cuts will be on the cards soon. However, with domestic demand showing few signs of... 17th March 2023 · 3 mins read
Japan Economics Weekly Less short-term pressure on Yield Curve Control The case for abandoning Yield Curve Control (YCC) has weakened further. The recent troubles at US regional banks and Credit Suisse should further reduce already easing pressure on the 10-year JGB... 17th March 2023 · 5 mins read
