- The Bank of Thailand finally joined the regional easing wave, surprising with a 25bp policy rate cut…
- …Our dovish view was vindicated, and we still expect another cut in December if Q3 GDP disappoints.
- We reckon it’s too early to rule out a shift to 50bp cuts by the BSP; policy remains extremely tight.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Thank a big reversal in the August leap in gold imports.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Expect easing to resume in November.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: The overdue turn we’ve been waiting for; expect another follow-up cut in December.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: The overdue turn we’ve been waiting for; expect another follow-up cut in December.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Many more cuts to come, and potentially larger ones from December.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: Many more cuts to come, and potentially larger ones from December.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Blame the continued reversal of helpful food base effects; m/m trends are still improving.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: Blame the continued reversal of helpful food base effects; m/m trends are still improving.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: A quiet end to Q3 for two-way trade, the seasonal bump to the surplus aside.
Miguel Chanco (Chief EM Asia Economist)Global
- Indonesian export growth weakened in September, highlighting the limits of the commodities boost…
- …This price lift is also fading on the import side, increasingly exposing sluggish real import demand.
- We see the current account deficit at 0.8% of GDP this year, and trade should hit Q3 GDP by 0.2pp.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- Indian CPI predictably bounced sharply last month as favourable food base effects waned further…
- …Short-term food-price pressures are still broadly improving, and CPI expectations pose no worries.
- IP growth saw red ink in August for the first time since late-2022; the outlook remains grim.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Primary articles inflation bounces on lower base effects, but underlying inflation remains muted.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: So much for the RBI’s “resilient” growth outlook.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: So much for the RBI’s “resilient” growth outlook.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- Taiwanese export growth fell sharply in September, highlighting the risks of its growing US reliance…
- …But this should be a blip, as for ward-looking indicators remain solid, especially for chips.
- CPI has fallen below the CBC’s 2% alert level for the first time in a while, but cuts are still off the table.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
Philippine exports are finally staging a real comeback at the margin
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: No cut, but the sea change in policy is here.
Miguel Chanco (Chief EM Asia Economist)Global
