Asia Economics Update What next for the Taiwan dollar? The Taiwan dollar has appreciated sharply against the US dollar in recent months but, for a host of reasons, the central bank seems now to be less tolerant of further currency strength. Even without... 2nd July 2025 · 6 mins read
Global Commercial Property Chart Pack Global Commercial Property Chartpack (Q2 2025) The gradual recovery in property values underway in Europe is unlikely to be pushed off track by tariff developments this year, but we think values still have further to fall in the US and APAC as... 2nd July 2025 · 1 min read
Australia & New Zealand Economics Update RBNZ Watch: RBNZ on pause in July, but easing has further to run With activity having rebounded strongly in Q1 and headline inflation firming up, the RBNZ is likely to leave rates unchanged at 3.25% next week. However, we’re not convinced that the economy has... 2nd July 2025 · 5 mins read
Asia Economics Update Korea: economy still struggling, more easing likely The latest batch of monthly activity and inflation data for Korea support the case for further monetary policy easing by the central bank. We are expecting another 50bps of cuts before the end of the... 2nd July 2025 · 3 mins read
RBA Watch RBA Watch: RBA to frontload easing as downside risks grow We expect the RBA to cut rates by 25bp, to 3.60%, at its meeting ending on 8th July. With growth set to remain below trend and underlying inflation on track to fall further, we see little reason for... 2nd July 2025 · 8 mins read
Australia & New Zealand Rapid Response Australia Retail Sales (May 2025) With consumer spending remaining in the doldrums, there is a strong case for the RBA to cut rates faster and further than most are predicting. 2nd July 2025 · 2 mins read
China Economics Update PBOC turns less dovish despite deflation concerns One might have thought that fading concern about the exchange rate and growing concern about deflation would provide the perfect moment for the PBOC to step up monetary easing. But the Bank’s latest... 2nd July 2025 · 3 mins read
Asia Economics Update Thailand: fresh political turmoil to weigh on economy Thailand faces renewed political uncertainty after Prime Minister Paetongtarn Shinawatra was today suspended. This will undermine consumer and business sentiment and complicate efforts to agree a free... 1st July 2025 · 3 mins read
China Economics Update Presales ban wouldn’t support home prices much China is moving toward ending its decades-old system of “presales” for newly-built residential property. This would reduce risks for homebuyers. But hopes that the change would provide a material... 1st July 2025 · 6 mins read
India Economics Update Asia Manufacturing PMIs (June) The June PMI readings for most countries in Asia were subdued. With worries about growth having taken precedence over those about inflation, we think most central banks in the region will continue to... 1st July 2025 · 2 mins read
Australia & New Zealand Economics Update Australia's housing rebound has further to run House prices rose the most since last year in June and with the RBA set to cut interest rates much further, the housing market will continue to gain momentum. However, affordability will remain quite... 1st July 2025 · 3 mins read
Japan Rapid Response Japan Tankan (Q2 25) The Q2 Tankan survey showed that the economy is holding up well despite trade tensions, which supports our view that the Bank of Japan will resume its tightening cycle before the end of the year. 1st July 2025 · 2 mins read
Global Economic Outlook Global Economic Outlook: Global economy to weather geopolitical headwinds We expect global GDP growth to slow a touch in the next couple of years, as President Trump’s policies weigh on US activity and fiscal policy provides less of a prop to growth in China. India will be... 30th June 2025 · 45 mins read
Asia Chart Pack Asia Chart Pack (June 2025) Trade tensions and Trump tariffs remain a key risk for Asia (especially for Vietnam, given its reliance on US demand). That said, the region could also benefit from trade diversion as US firms shift... 30th June 2025 · 0 mins read
China Rapid Response China PMIs (June 2025) The Caixin services PMI released today adds to evidence that growth in the sector slowed in June. But the pickup in manufacturing more than offset this drag, pointing to a rebound in overall activity... 30th June 2025 (Updated 3rd July 2025) · 2 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (May 25) 30th June 2025 · 2 mins read
