China Activity Monitor CAP: Growth starting to recover Our China Activity Proxy suggests that growth picked up in September as the drag from summer typhoons eased. But growth remains weak by recent standards and increasingly reliant on external demand... 28th October 2026 · 2 mins read
India Economics Update RBI’s FX war chest is smaller than it looks The RBI’s FX reserves look plentiful but the headline figure overstates the central bank’s firepower, owing to a swollen forward book and sizeable holdings of gold. A renewed, sustained bout of rupee... 28th October 2026 · 3 mins read
RBA Watch Hawkish RBA will hike again for good measure With inflationary pressures unrelenting, the RBA will lift its cash rate by 25bp to an 18-year high of 4.85% at its November meeting. That hike will put policy settings well and truly into restrictive... 28th October 2026 · 8 mins read
Australia & New Zealand Economics Update RBNZ still on course to tighten a bit further The RBNZ’s decision to leave rates on hold today was finely balanced and the Committee signalled that further tightening remained likely. That said, the Bank’s cautious approach supports our view that... 28th October 2026 · 3 mins read
Australia & New Zealand Rapid Response RBNZ Meeting (Oct. 2026) While the RBNZ surprised with a hold at its meeting today, it continued to signal that further tightening was in the pipeline. 28th October 2026 · 2 mins read
Australia & New Zealand Rapid Response Australia Consumer Prices (Q3/Sept. 2026) With underlying price pressures gaining traction, it looks increasingly likely that the RBA will put its foot on the brakes sooner rather than later. 28th October 2026 · 2 mins read
Asia Economics Update Malaysia’s brain drain is harming its economic potential Malaysia’s brain drain is a longstanding challenge to its ambition to become a high-income economy. A large diaspora, much of it concentrated in Singapore, includes a significant number of skilled... 27th October 2026 · 3 mins read
Asia Economics Update Korea: strong, but unbalanced growth Korea recorded another quarter of strong growth in Q3, once again supported by robust export growth. Investment also picked up, but private consumption remained weak. We expect growth to remain... 27th October 2026 · 2 mins read
India Economics Update India steps up efforts to bolster oil security India’s oil imports from the Middle East have rebounded in the past couple of months as supplies through the Strait of Hormuz have gradually recovered and the discount on Russian oil has largely... 26th October 2026 · 3 mins read
Asia Economics Focus Korea: AI and demographics brighten the long-term outlook Korea’s trend growth has slowed over the past few decades, reflecting weaker productivity and slower workforce growth. But we think this slowdown has come to an end, with rising female labour force... 26th October 2026 · 11 mins read
India Economics Weekly MPC minutes point to further policy tightening The MPC minutes of the RBI’s October MPC meeting – in which the repo rate was hiked by 25bps to 5.50% – give a fairly strong indication that the committee will follow up with further tightening over... 23rd October 2026 · 3 mins read
Asia Economics Weekly Two years of Prabowo: Indonesia heading down the wrong path Indonesia’s President Prabowo marked two years in office this week and, while the headline economic figures look good, his populist, interventionist approach to governing poses risks to Indonesia’s... 23rd October 2026 · 8 mins read
China Economics Weekly China’s long chase after the US AI Goliath China’s AI computing capacity is expanding rapidly, but the gap with the US remains substantial and could widen further. Chinese AI models are likely to remain competitive. But limited access to... 23rd October 2026 · 4 mins read
Australia & New Zealand Economics Weekly Hawkish RBA may yet hike rates again RBA Deputy Governor Andrew Hauser’s hawkish comments this week have heightened the risk of another rate hike in November. Elevated energy prices, the AI investment boom and weak productivity threaten... 23rd October 2026 · 5 mins read
Japan Economics Weekly RENGO pushing for another large Shunto pay hike With the energy cost shock barely making a dent in Japan's trade balance and corporate profits going from strength to strength, trade unions are demanding another strong pay hike in next year's spring... 23rd October 2026 · 4 mins read
