Global Datanote: Bangko Sentral ng Pilipinas Decision

• In one line: No surprises here.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Advance Inflation, Eurozone, March 2024

In one line:  As you were. 

Claus Vistesen (Chief Eurozone Economist)Global

Global Datanote: Bank Indonesia Decision

• In one line: Still waiting for the first of a couple green lights.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Trade, Indonesia, February

• In one line: The early 2024 misery in exports continues.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: February CPI & January IP, India

• In one line: Delaying our first RBI rate cut call to August; industry is floundering, forget the H2 2023 ’strength’ in GDP.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: ECB Press Conference, March 2024

In one line: See you in June, for the first rate cut. 

Claus Vistesen (Chief Eurozone Economist)Global

Global Datanote: ECB Rate Decision, March 2024

In one line:  Virtually similar to January, which is now a hawkish line. 

Claus Vistesen (Chief Eurozone Economist)Global

Global Datanote: Advance Inflation & Unemployment, Eurozone, Feb/Jan

In one line:  Is the door now shut on an April cut? Probably. 

Claus Vistesen (Chief Eurozone Economist)Global

Global Datanote: CPI, Indonesia, February

• In one line: Blame non-core factors for the February bounce.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Manufacturing PMI, ASEAN, February

• In one line: Thank the labour market—a lagging indicator—for the six-month high.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Detailed Inflation, Eurozone, January

In one line: Core inflation remains on track for 2% by summer, but beware Easter effects in March and April. 

Claus Vistesen (Chief Eurozone Economist)Global

Global Datanote: Bangko Sentral ng Pilipinas Decision

• In one line: It won’t be long before cuts enter the fray.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Trade, Indonesia, January

• In one line: A weak start to 2024.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: January CPI & December IP, India

• In one line: Still waiting on the onion price correction to show in CPI; the trend in IP growth is clearly one of moderation.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Reserve Bank of India Decision

• In one line: Cracks are emerging in the MPC’s unity.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Bank of Thailand Decision

• In one line: Holding steady, just to prove a point.

Miguel Chanco (Chief EM Asia Economist)Global