RBI Watch Inflation and FX concerns make August hike likely In contrast to the majority of analysts who are expecting no change, we think the Reserve Bank of India (RBI) will hike the repo rate by 25bp to 5.50% at the conclusion of next week’s Monetary Policy... 28th July 2026 · 7 mins read
China Activity Monitor CAP: China’s growth steady in Q2, despite Iran war Our China Activity Proxy suggests that growth picked up in June and held steady over Q2. While weak domestic goods demand has dented industry, that has been offset by stronger services sector growth. 27th July 2026 · 1 min read
Capital Daily Central bank meetings and tech earnings in focus Government bond yields have dropped back today after last week’s surge, as oil prices have retreated again amid signs of easing tension in the Middle East. Equities have welcomed the respite, too... 27th July 2026 · 5 mins read
Asia Economics Update MAS tightens policy, further moves unlikely Singapore today unexpectedly tightened monetary policy, but the communications from the central bank suggest that further tightening is unlikely in the near term. Although growth should remain strong... 27th July 2026 · 3 mins read
Asia Rapid Response Bank Indonesia governor exit raises concerns over central bank independence 27th July 2026 · 2 mins read
China Economics Weekly Fiscal spending slows again Government spending has now been contracting for four months, according to data published this week, as local governments appear to be channelling bond proceeds into restructuring off-balance sheet... 24th July 2026 · 6 mins read
India Economics Weekly Cockroaches and bitter pills This week's headlines have been dominated by youth protests in Delhi and President Trump's proposed tariffs on imported generic medicines. But while politically challenging, we doubt that either will... 24th July 2026 · 4 mins read
Asia Economics Weekly New tariffs, Sri Lanka tightening cycle not over US tariffs on Asian economies are entering a new phase following the expiration of the 10% global surcharge under Section 122. This is being replaced with country-specific Section 301 duties, but... 24th July 2026 · 6 mins read
Japan Economics Weekly Fiscal loosening has further to run Our fiscal tracker shows a marked acceleration in public spending since PM Takaichi came to power. While we expect the budget deficit to remain very low this year as spending growth has yet to surpass... 24th July 2026 · 5 mins read
Bank of Japan Watch BoJ will signal further tightening The Bank of Japan will certainly leave interest rates unchanged at its upcoming meeting. With crude oil prices on track to reach their earlier peaks by the time of that meeting, we expect the Bank to... 24th July 2026 · 8 mins read
Japan Rapid Response Japan Flash PMIs (Jul. 26) The June composite PMI suggests that the economy remains resilient and still points to a sharp acceleration in inflation. 24th July 2026 · 2 mins read
Japan Rapid Response Japan Consumer Prices (Jun. 26) While inflation remained below the Bank of Japan’s 2% target in June, the surge in producer price inflation points to a marked acceleration and we expect inflation to climb above 3% by early next year 24th July 2026 · 2 mins read
China Economics Focus Chinese AI models – your questions answered Last week’s release of Kimi K3 has triggered a renewed wave of global interest in Chinese AI models. This Focus answers the key questions we have received from clients. It discusses how Chinese models... 23rd July 2026 · 24 mins read
India Economics Update Why GIFT City matters for foreign investors India’s policymakers have long-desired more financial activity linked to the economy to take place onshore. But they remain reluctant to quickly and fully open the capital account, with recent bouts... 23rd July 2026 · 3 mins read
Asia Economics Update AI is lifting Asia’s non-chip manufacturers too The global AI investment boom is delivering a bonanza to electronics manufacturers across Asia well beyond just chipmakers in Korea and Taiwan. 23rd July 2026 · 2 mins read
Commodities Update China can’t bail out the global oil market forever The sharp reduction in China’s crude imports has been a key factor keeping a lid on global oil prices, and we suspect that it can sustain historically low imports for many more months. However, this... 23rd July 2026 · 4 mins read
