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

Global Datanote: Advance Inflation, Eurozone, January

In one line: Not enough for a rate cut in March; but April is still on. 

Claus Vistesen (Chief Eurozone Economist)Global

Global Datanote: ECB Press Conference, January

In one line: More dovish than we expected.  

Melanie Debono (Senior Eurozone Economist)Global

Global Datanote: ECB Rate Decision, January

In one line: Same same. 

Claus Vistesen (Chief Eurozone Economist)Global

Global Datanote: Bank Negara Malaysia Decision

• In one line: Banking on the recovery in the electrical and electronics sector.

Moorthy Krshnan (Senior Asia Economist)Global

Global Datanote: Bank of Indonesia Decision

• In one line: No cuts until inflation is comfortably below target; that is, in Q2.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: ECB Rate Decision, December

In one line: Few signs of a shift in the guidance on rates, yet. QT will accelerate in H2-24. 

Claus Vistesen (Chief Eurozone Economist)Global

Global Datanote: SNB Rate Decision, Q4 2023

In one line: A clear dovish shift; rate cuts are next. 

Melanie Debono (Senior Eurozone Economist)Global

Global Datanote: Bangko Sentral ng Pilipinas Decision

• In one line: The next move is a cut, and could come as early as Q1.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Reserve Bank of India Decision

• In one line: Still not showing any appetite for normalisation.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Bank of Thailand Decision

• In one line: Finally, some sense.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Advance PMIs, Eurozone, November 2023

In one line: Still pointing to an EZ recession. 

Melanie Debono (Senior Eurozone Economist)Global

Global Datanote: Bank Indonesia Decision

• In one line: Probably already regretting the October hike.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Bangko Sentral ng Pilipinas Decision

• In one line: A sensible pause, after October’s rash out-of-cycle hike.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Bank Negara Malaysia Decision

• In one line: The BNM keeps the OPR accommodative, eyeing other instruments to manage MYR weakness. 

Moorthy Krshnan (Senior Asia Economist)Global