Australia & New Zealand Economics Weekly ANZ Weekly: RBA won’t claim victory in inflation fight just yet Although the RBA is almost certain to slash its policy rate by 25bp at its meeting next Tuesday, it will probably remain cautious about commiting to further policy easing. After all, business surveys... 16th May 2025 · 4 mins read
Japan Economics Weekly Japan Weekly: BoJ will delay further tightening until October The truce reached between China and the US over the weekend is a clear positive for Japan’s economy. Even so, we suspect that weak economic activity coupled with an impending plunge in inflation will... 16th May 2025 · 6 mins read
Commodities Update Gold prices to take a breather before the next leg up After an extraordinary rally in gold prices, the recent pullback naturally raises the question of where gold prices may be headed next. In our view, the rest of this year will prove more challenging... 15th May 2025 · 4 mins read
Australia & New Zealand Rapid Response Australia Labour Market (Apr. 25) With the labour market going from strength to strength, we’re more convinced than ever that the RBA will be reluctant to cut rates aggressively. Accordingly, we’re sticking to our forecast for a... 15th May 2025 · 2 mins read
Capital Daily US big tech is back … but not at China’s expense The rolling back of tariffs has coincided with a recovery in big tech in the US and China. Their dual rally is something new since Donald Trump returned to the White House. We think there’s a good... 14th May 2025 · 5 mins read
China Rapid Response China Bank Lending & Broad Credit (Apr.) Bank loan growth resumed its slowdown last month, but broad credit growth continued to accelerate on the back of a surge in government bond issuance. While monetary easing should help drive up private... 14th May 2025 · 2 mins read
China Economics Update Hong Kong property prices won't recover this decade While sales volumes have picked up since the start of last year, we expect residential property prices in Hong Kong to continue to fall until Fed cuts resume. Even then, given the structural headwinds... 14th May 2025 · 5 mins read
RBA Watch RBA will only cut twice more this cycle With trimmed mean inflation entering the RBA’s target band for the first time since 2021, the Bank will almost certainly lower interest rates by another 25bp at next week’s meeting. However, amidst... 14th May 2025 · 8 mins read
Japan Chart Pack Japan Chart Pack (May 2025) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. Japan’s economy won’t be affected much by global trade tensions. While the Bank of Japan has... 14th May 2025 · 1 min read
Australia & New Zealand Rapid Response Australia Wage Price Index (Q1 2025) The pick-up in wage growth in Q1 won’t prevent the RBA from cutting interest rates next week but it will limit the scope of additional easing thereafter. 14th May 2025 · 2 mins read
India Rapid Response India Consumer Prices (Apr. 2025) The slight fall in India’s consumer price inflation in April, which pushes it further below the Reserve Bank of India’s (RBI’s) 4% target, supports our view that the central bank will press ahead with... 13th May 2025 · 2 mins read
Global Economics Update A truce in the US-China trade war The US and China have each suspended for 90 days all but 10% of their Liberation Day tariffs and cancelled other retaliatory tariffs. This is a substantial de-escalation. However, the US still has... 12th May 2025 · 4 mins read
China Rapid Response China Consumer & Producer Prices (Apr. 2025) Core inflation has recovered somewhat in recent months, even as headline inflation has slipped back into negative territory. But the outlook for underlying inflation is still deteriorating, with the... 11th May 2025 · 2 mins read
China Economics Weekly China Weekly: A tariff detente won’t avert an export slowdown The US-China trade talks taking place in Geneva this weekend could pave the way for a partial rollback in tariffs. But they are still likely to remain much higher than at the start of the year. And a... 9th May 2025 · 6 mins read
