China Rapid Response China Merchandise Trade (Mar. 2024) Despite a larger-than-expected y/y fall in export values, export volumes climbed to record highs. Nonetheless, we still think export volumes will grow more slowly this year than they did in 2023... 12th April 2024 · 3 mins read
Asia Economics Update Bank of Korea keeps open the possibility of rate cuts The Bank of Korea left its policy rate on hold today (at 3.5%), but kept open the possibility of rate cuts later this year. However, with inflation concerns continuing to linger, we are pushing back... 12th April 2024 · 3 mins read
Asia Rapid Response Singapore Monetary Policy Announcement & Q1 2024 GDP (adv) The Monetary Authority of Singapore (MAS) kept policy settings unchanged today, as expected, but with the economy set to remain weak and core inflation on track to resume its downward trend soon we... 12th April 2024 · 3 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Apr. 2024) Capital flows into EMs have continued to rise in recent weeks, aided by robust global risk appetite. While yesterday’s strong US CPI release has clouded the outlook for Fed interest rate cuts and... 11th April 2024 · 3 mins read
China Rapid Response China Consumer & Producer Prices (Mar. 2024) CPI inflation rose less than expected in March but is still trending upwards. We think an easing of food price deflation and the ongoing modest economic recovery will support a slow reflation in the... 11th April 2024 · 2 mins read
Asia Rapid Response Thailand Monetary Policy Announcement Thailand’s central bank (BoT) today resisted pressure from the government to loosen monetary policy, but with growth set to remain weak and inflationary pressures very subdued, we still think rate... 10th April 2024 · 3 mins read
Asia Economics Focus Taiwan: Global AI spending will drive rapid growth Taiwan will be one of the main beneficiaries of a lengthy global AI investment boom. We expect its economy to growth much faster over the rest of this decade than it did during the 2010s. 9th April 2024 · 8 mins read
Asia Rapid Response Philippines Monetary Policy Announcement (April) The central bank in the Philippines (BSP) today left its main policy rate unchanged (at 6.50%), but sounded more hawkish than we had expected on inflation. Accordingly, we are pushing back the timing... 8th April 2024 · 2 mins read
Asia Economics Weekly BoT decision on a knife edge Inflation in Thailand was still negative last month, according to data released earlier today. With recent activity subdued, the central bank will have to change tack and start loosening policy soon... 5th April 2024 · 8 mins read
China Economics Weekly Policy support for car sales won’t ease trade tensions The PBOC’s scrapping of the regulatory minimum down payment for car loans may help boost vehicle demand in the short run. But it won’t be enough to prevent a further increase in car exports, so... 5th April 2024 · 7 mins read
India Economics Update RBI policy pivot creeping closer The RBI kept the repo rate on hold at 6.50% today as expected but the more interesting aspect was the slight dialling down of its hawkish rhetoric. With inflation grinding down towards the central... 5th April 2024 · 2 mins read
Asia Economics Update Vietnam: Central bank to cut rates further to boost growth Vietnam’s banks are likely to remain cautious this year and both credit and GDP growth are likely to come in below trend. The central bank will have to cut rates further to stimulate demand. 4th April 2024 · 4 mins read
Asia Economics Update The earthquake threat to Taiwan’s chip supply Taiwan’s chip industry has invested heavily in making its facilities resilient to earthquakes. Disruption to production is unavoidable when a large earthquake strikes, but firms are usually able to... 3rd April 2024 · 3 mins read
China Chart Pack China Chart Pack (Mar. 24) China’s economy continued to recover in the first months of the new year. And we think fiscal support will keep supporting growth in the near-term. That said, the property sector remains a drag on the... 3rd April 2024 · 1 min read
Capital Daily Is the India/China equity market narrative shifting? We think China’s equities could fare better than those in India in the near term. Note: We will be discussing the outlook for Chinese equities in a special 20-minute online briefing on Thursday 4th... 3rd April 2024 · 4 mins read
