Revised GDP forecast implies BOK rate lift-off will start only in 2017
Apr 10, 2015 06:57 am UTC| Commentary
The BoK again lowered its GDP and inflation forecasts on 9 April, which was already reflected in its 25bp rate cut in March. The GDP forecast was reduced from 3.4% to 3.1% for 2015 and from 3.7% to 3.4% for 2016. The...
BNM sees Malaysia's growth steady, averaging 4.5-5.5% in 2015
Apr 10, 2015 06:52 am UTC| Commentary
Malaysias IP growth moderated in February. On a seasonally adjusted m/m basis, industrial production fell by 0.1% in February after contracting 1% in January. Within the details, growth in manufacturing edged down while...
South Korea March unemployment rate likely subdued
Apr 10, 2015 06:48 am UTC| Commentary
South Korea is scheduled to release March job-market data on 15 April.The February unemployment rate increased to 3.9% (from 3.4% in January) due to a higher number of job seekers. Since Koreas school graduation and...
Singapore's MAS to re-centre the SGD NEER
Apr 10, 2015 06:46 am UTC| Commentary
The Monetary Authority of Singapore (MAS) announces its monetary policy decision on 14 April.MAS is expected to re-centre the Singapore nominal effective exchange rate (SGD NEER) to the prevailing SGD NEER level. This will...
Philippines Remittance growth likely rebounded in February but faces challenges
Apr 10, 2015 06:11 am UTC| Commentary
The Philippines will release February remittance data on 15 April.Remittances from Asia have contracted on a y/y basis for three consecutive months, reflecting consolidating growth momentum in the region. Growth in...
Japan machinery orders likely shrank in February, PPI inflation slowed in March
Apr 10, 2015 06:08 am UTC| Commentary
Japan will release February machinery orders (MoR) and March PPI inflation on 13 April.Exports and industrial production contracted m/m in February, partly due to sluggish external demand; the MoR is also likely to follow...
Bank Indonesia to keep rates unchanged in April
Apr 10, 2015 06:04 am UTC| Commentary
Bank Indonesia (BI) will hold its policy meeting on 14 April. Analysts expect BI to hold the BI rate at 7.50%, the BI overnight deposit facility (FASBI) rate at 5.50%, and the BI overnight lending facility (repo) rate at...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects