Asia Economics Update Vietnam should compromise on growth and target stability September data and Q3 GDP published over the last few days show that the economy in Vietnam is picking up speed. This contrasts with just about everywhere else in ASEAN where growth is losing rather... 27th September 2010 · 1 min read
Asia Economics Weekly Australia's cash rate set to rise in October Commentary from the Reserve Bank (RBA) over recent days makes it clear that Australia’s cash rate will move up again soon. Accordingly, we have brought forward our forecast and now expect a 25bp hike... 27th September 2010 · 1 min read
Asia Economic Outlook Asia is re-balancing and will continue to lead (Q3 10) The global upswing is now regaining some traction and the threat of renewed financial crisis has diminished. However, the world recovery will stay weak and vulnerable to other risks such as deflation... 23rd September 2010 · 1 min read
Asia Economics Update New Zealand's GDP growth to stay on a weak track New Zealand’s Q2 GDP data, released today, were poor. Reconstruction work following then earthquake will lift growth over the next 12 months but high headline figures will hide an underlying trend... 23rd September 2010 · 1 min read
Asia Economics Weekly Indian rupee on a roll which will likely continue India’s currency has climbed sharply against the US dollar since the beginning of September, and the appreciation will probably continue. Capital inflows are likely to stay strong as investors... 20th September 2010 · 1 min read
Asia Economics Update Sri Lanka set for rapid growth in 2010-11 Data released today showed that Sri Lanka’s economy expanded at a faster pace in Q2 than in Q1. Domestic demand should hold strong and offset the fading support from exports. The central bank (CBSL)... 16th September 2010 · 1 min read
Asia Economics Update India's Reserve Bank set to tighten further The Reserve Bank of India (RBI) today raised the repo rate by 25bp, which was in line with expectations. It lifted the reverse repo rate by 50bp as well, which surprised the consensus but matched our... 16th September 2010 · 1 min read
Asia Economics Update New Zealand's monetary tightening on hold into 2011 The Reserve Bank of New Zealand (RBNZ) today kept policy rates on hold at 3.0%, as expected. The aftermath of the earthquake will inevitably cause some disruption in coming months but the RBNZ even... 16th September 2010 · 1 min read
Asia Economics Update India's Reserve Bank still likely to tighten this week Wholesale price data published today were based on a new index and probably exaggerate the easing of price pressures which is coming through. What’s more, the upswing appears to be speeding up. The... 14th September 2010 · 1 min read
Asia Economics Update Malaysian ringgit internationalisation is far away Over the weekend, Prime Minister Najib Razak stated that Malaysia was looking at allowing offshore trading of the ringgit. But Malaysia would need to make the currency fully convertible on the capital... 13th September 2010 · 1 min read
Asia Economics Weekly New Zealand’s Reserve Bank to pause early The 4th September earthquake in Christchurch means that it is virtually certain that the Reserve Bank of New Zealand (RBNZ) will keep its cash rate unchanged at 3.0%. Recent economic data have been... 13th September 2010 · 1 min read
Asia Economics Update Bank of Korea biding its time, but rate hikes lie ahead The Bank of Korea (BoK) unexpectedly held its policy rate at 2.25% today. Concerns about rising global uncertainties tipped the balance in favour of no change, despite the BoK expecting solid GDP... 9th September 2010 · 1 min read
Asia Economics Update Further rate hikes still look close in Australia The Reserve Bank of Australia (RBA) held its cash rate at 4.5% today, as expected. Nevertheless, the local economic upswing remains strong, at a time when there is little spare capacity. Accordingly... 7th September 2010 · 1 min read
Asia Economics Update Pakistan gets some help from the IMF The IMF late last week approved an emergency $0.45bn loan for Pakistan. The funding is small compared to the cost of the reconstruction work but is a vote of confidence in a government whose initial... 6th September 2010 · 1 min read
Asia Economics Update New Zealand's central bank to pause in September The weekend earthquake in the South Island makes it virtually certain that the Reserve Bank of New Zealand (RBNZ) will pause its monetary policy tightening next week. The latest shock comes on top of... 6th September 2010 · 1 min read
Asia Economics Weekly Bank of Korea set to hike again The Bank of Korea (BoK) meets this week and we expect it to raise its base rate by 25bp to 2.50%. Monetary policy remains stimulatory and the BoK has grown increasingly concerned about rising price... 6th September 2010 · 1 min read
