Event Asia Drop-In: Korea political crisis – Macro and market implications 4th December 2024, 8:00AM GMT President Yoon Suk Yeol’s declaration of martial law – and parliament’s vote to reverse it – has plunged Asia’s fourth largest economy into crisis and triggered turmoil across South Korean financial…
Asia Economics Update Korea’s president declares martial law The declaration of martial law by Korea’s president is an extraordinary step that seems likely to trigger either the suspension of Constitutional democracy in Korea or the president’s own rapid... 3rd December 2024 · 4 mins read
Asia Economics Update Asia Manufacturing PMIs, Korea Trade (November) The November PMIs for Asia remained weak and are consistent with our expectation for manufacturing activity in the region to remain subdued in the near term. The data also showed a modest pick-up in... 2nd December 2024 · 2 mins read
Asia Economics Weekly Korea’s interest rate cut, falling inflation in Singapore The Bank of Korea surprised most analysts (although not us) when it cut interest rates at its scheduled meeting yesterday. The weakness of today’s activity data makes us more confident in our view... 29th November 2024 · 5 mins read
Asia Economics Update Further interest rate cuts likely next year in Korea The Bank of Korea cut interest rates again today by a further 25bps (to 3.00%) and made clear in its statement that more easing is on the way. We are sticking with our view that the central bank will... 28th November 2024 · 3 mins read
Asia Economics Weekly Will the Bank of Korea spring a surprise? The Bank of Korea pushed back strongly against the prospect of back-to-back rate cuts when it began its easing cycle last month, and most analysts expect rates to be left unchanged at the BoK’s... 22nd November 2024 · 6 mins read
Asia Economics Weekly Winners and losers in Asia from a Trump presidency We have taken out the two 25bps cuts that we had pencilled in for Bank Indonesia’s last two meetings of the year. But for most places in Asia, a Trump presidency shouldn’t have a huge impact on... 8th November 2024 · 6 mins read
Asia Economics Update Korea: more easing likely as inflation falls again With inflation falling back further in October, growth struggling and the property market in the doldrums, the conditions are in place for the Bank of Korea to cut interest rates again soon. We think... 5th November 2024 · 3 mins read
Asia Economics Weekly North Korea tensions rising, US election implications North Korea’s relations with South Korea and its allies have taken a marked turn for the worse over the past month, with experts warning that “the situation on the Korean Peninsula is more dangerous... 1st November 2024 · 10 mins read
Asia Economics Update Manufacturing PMIs, Korea Trade (October) The October PMIs from Asia remained weak and while the PMI surveys aren’t always a good guide to the hard activity data, their recent signals are consistent with our expectation for manufacturing... 1st November 2024 · 2 mins read
Asia Economics Weekly Korea dodges recession (just), Sri Lanka in deflation The Bank of Korea pushed back strongly against the prospect of further cuts in the near term when it lowered interest rates earlier this month. But the weakness of the Q3 GDP figures underlines that... 25th October 2024 · 7 mins read
Asia Economics Weekly Korea’s property doldrums, Indonesia’s new president Concerns that interest rate cuts could lead to a renewed property price bubble in Korea look overblown. With housing transactions close to multi-year lows and the stock of unsold homes high by... 18th October 2024 · 7 mins read
Asia Economics Weekly Korea cuts, Bank Indonesia on a knife edge The Bank of Korea cut interest rates today and we are expecting the central banks of Thailand and the Philippines to follow suit at their scheduled meetings on Wednesday. The Monetary Authority of... 11th October 2024 · 8 mins read
Event Asia Drop-In: How far will policy easing go to support Asia’s economies? 1729067400 It’s a busy week for Asia’s central banks, with three key decisions expected on Wednesday following on from the latest Reserve Bank of India and Bank of Korea meetings.
