On Tuesday, Bank Indonesia unexpectedly hiked its 7-day Reverse Repurchase Rate by 25bps to 3.75%, marking the first rate increase since 2018. The central bank cited price pressures as the motive for the hike, noting that “…
Recent Asian trade data are sending a negative signal about the global manufacturing cycle. Overall Taiwanese export orders fell by 1.9% y/y, disappointing expectations of a 6.2% y/y increase. The latest contraction confirms…
CNY weakness versus the USD accelerated over the past week. USD/CNY broke above its May peak of 6.8 on Friday and continued to march higher on Monday. Does the yuan face further downside? In Monday’s BCA Live &…
Our Emerging Markers strategists believe that the Philippines’ bond yields, at around 6%, are unsustainably high, given the softness in the economy, and the lack of genuine inflationary pressures therein. They also argue…
Executive Summary Russia’s Crude Oil Output Will Fall Russia will have to lower oil production to ensure output it hasn’t placed with non-EU buyers does not tax its limited storage facilities, ahead of the bloc’s…
A combination of cyclical and structural forces will cause Colombian risk assets to plummet. Cyclically, the economy is overheating. Inflation is at a multi-decade high, the labor market is tight, and growth is hitting…
Executive Summary More Regional Divergences Within Our Global LEI The BCA global leading economic indicator (LEI) is still in a downtrend, but its diffusion index – which tends to lead the overall global LEI at major…
Chinese data releases on Monday reflected a broad-based deceleration in the country’s economy. Key indicators of domestic activity in July such as industrial production, fixed assets investment, retail sales, and property…