Frontier Markets Wrap Low oil prices a challenge for key frontier markets Despite a recent rebound, low oil prices are posing a challenge for many frontier markets. Low oilprices were one factor that led the IMF to cut its 2015 growth forecast for Sub-Saharan Africa, andwe... 20th May 2015 · 1 min read
India Economics Update Equities retreat on domestic concerns India’s financial markets have struggled relative to their emerging market peers over the past few weeks, with the rupee weakening, bond yields edging up and the equity rally losing steam. These moves... 20th May 2015 · 1 min read
Emerging Markets Trade Monitor EM exports raise questions over global demand Several factors help explain why the dollar value of exports from emerging markets fell sharply in March, including lower commodity prices, the strength of the US dollar and distortions in China’s... 19th May 2015 · 1 min read
Asia Economics Update Rate cuts before year-end likely in Indonesia Bank Indonesia (BI) today left its main policy rate on hold at 7.50%, but relaxed macro prudential policy in a bid to support the weak economy. We expect interest rates to be eased later in the year... 19th May 2015 · 1 min read
India Economics Update Two years after the taper tantrum: how does India fare now? Two years ago this month the rupee entered a prolonged plunge against the US dollar amid the “taper tantrum”, eventually falling to an all-time low. But in the event of external financing conditions... 18th May 2015 · 1 min read
Asia Data Response Thailand GDP (Q1) The pick-up in Thailand's growth in Q1 was exaggerated by a low base in the first quarter of 2014, when growth contracted and political unrest was at its peak. With the economy facing headwinds such... 18th May 2015 · 1 min read
EM Markets Chart Pack How will EM corporate spreads react to higher US rates? Although underlying Treasury yields have risen since the end of March, dollar-denominated corporate bond yields have fallen in all emerging market regions, owing to a sharp fall in credit spreads. We... 15th May 2015 · 1 min read
Asia Economics Weekly Asia’s rate cutting cycle is nearing an end Emerging Asia’s rate cutting cycle appears to be nearing its end, with only a handful of central banks likely to cut a little further. But it won’t be until 2016 that the region’s central banks move... 15th May 2015 · 1 min read
Asia Data Response Malaysia GDP (Q1) The slowdown in Malaysia’s economy in Q1 would have been sharper were it not for consumers bringing forward spending ahead of the implementation of a Goods & Services Tax (GST) in April. Growth is... 15th May 2015 · 1 min read
Asia Economics Update Korea's rate-cutting cycle is over The Bank of Korea (BoK) today left its policy rate unchanged at a record low of 1.75% amid concerns about the rapid increase in Korea's household debt. We think the BoK’s rate-cutting cycle has now... 15th May 2015 · 1 min read
India Economics Update Reality check for reform agenda Recent failures to amend the domestic tax system and land acquisition laws are the latest examples of the government's reform agenda running into roadblocks over the past few months. This supports our... 15th May 2015 · 1 min read
Asia Economics Update Philippines in no rush to adjust monetary policy The central bank in the Philippines (BSP) left interest rates on hold today. With the economy set to continue growing at a decent pace, the Philippines is unlikely to join in the region’s interest... 14th May 2015 · 1 min read
Emerging Markets Economics Update In search of winners from China’s rebalancing While it isn’t hard to find EMs that have been hurt by the slowdown in China, identifying winners from the positive aspects of its rebalancing – such as rapid growth in household spending – has proved... 14th May 2015 · 1 min read
India Data Response Wholesale Prices (Apr.) Wholesale price inflation recorded another large drop in April, to its lowest rate since the series began in 2005. Importantly, as the consumer price data released on Tuesday also showed, core... 14th May 2015 · 1 min read
Emerging Markets Economics Update Emerging Market Consumer Snapshot (Q2 2015) The outlook for consumers has remained bright in large parts of the emerging world. In particular, consumption looks set to grow strongly in Central Europe and Emerging Asia over the coming months. In... 13th May 2015 · 1 min read
India Data Response Consumer Prices (Apr.) & Industrial Production (Mar.) The drop in consumer price inflation in April was due in large part to a decline in food price pressures, but perhaps the more significant point for the Reserve Bank is that core inflation remains low... 12th May 2015 · 1 min read
