Flash Notes
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Find out more about foreign exchange movements, global economic developments and their impact on Singapore and the regional markets, interest rates and much, much more.
- 2011
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Indonesia: Bank Indonesia Surprised With 25bps Cut (09 February 2012) > more Greece: Greece On The Edge (07 February 2012) > more Indonesia: Sustained Steady Growth In 4Q11 (07 February 2012) > more Singapore Budget 2012: Long-Term Gain, Short-Term Pain (06 February 2012) > more Malaysia: Bank Negara Kept OPR Steady As Expected (01 February 2012) > more Malaysia: Further Liberalizations In The Financial Markets (31 January 2012) > more Singapore: December IP Rebounds (26 January 2012) > more US: FOMC Starts Its 2012 Policy Cycle With A Surprise (26 January 2012) > more Thailand: Policy Rate cut by 25bps to 3.00% (25 January 2012) > more Singapore: Dec CPI moderated to 5.5% y/y (25 January 2012) > more China: 4Q11 Growth Tracking Above Expectations (17 January 2012) > more Singapore: December NODX Boosted By Pharma (17 January 2012) > more Eurozone: Euro-zone Debt Crisis S&P Downgrades 9 Euro-zone Member States Including France And Austria (16 January 2012) > more South Korea: High Inflation Constraining The BoK (13 January 2012) > more Indonesia: Interest Rate Stays At 6.00% In January (12 January 2012) > more Eurozone: How Should We Think About The Eurozone In 2012? (04 January 2012) > more Singapore: 2011 Full Year Growth At 4.8% (03 January 2012) > more Taiwan: Monetary Policy On Hold For Now (30 December 2011) > more Singapore: November CPI Higher Than Expected (23 December 2011) > more Singapore: November NODX Beeter Than Expected (16 December 2011) > more US FOMC: No Early Christmas Surprise From The Federal Reserve (14 December 2011) > more Asia: Central Banks In South Korea And Indonesia Held Interest Rates Steady In December (08 December 2011) > more Singapore: Property Measures To Dampen Foreign Interest (08 December 2011) > more China: PBoC Moves To Lower Reserve Requirement Ratio (01 December 2011) > more Thailand: Policy Rate Cut 25bps To 3.25% (30 November 2011) > more Eurozone: Is The European Central Bank Able And Willing To Leverage Up? (29 November 2011) > more Singapore: Pharma Boosted October IP (25 November 2011) > more Euro-zone Debt Crisis: Is It Spreading To Germany? (24 November 2011) > more Singapore: October CPI Higher Than Expected (23 November 2011) > more Thailand: 3Q GDP lower than expected (21 November 2011) > more Singapore: 3Q growth higher, outlook gloomy (21 November 2011) > more Malaysia: Upside Surprise in 3Q11 GDP (18 November 2011) > more Singapore: Oct NODX contracts more than expected (17 November 2011) > more Malaysia: Bank Negara On Hold Yet (11 November 2011) > more South Korea: Toning Down Hawkish Stance But Not Easing Monetary Policy Yet (11 November 2011) > more Indonesia: BI Slashed Interest Rates By 50bps (10 November 2011) > more Markets Losing Faith In Italy (10 November 2011) > more US FOMC: Waiting For The Fed To Pull The Easing Trigger (Again) (03 November 2011) > more Greek Proposal For A Referendum Vote Risks Unravelling The Euro-zone Bailout Plan (02 November 2011) > more Euro Summit: Taking A Closer Look At The "Comprehensive Plan" (31 October 2011) > more South Korea: Growth Momentum Easing Further In Third Quarter (27 October 2011) > more Singapore: Drug-Fuelled September Industrial Output (25 October 2011) > more Singapore: Slower-Than-Expected Rise In September CPI (24 October 2011) > more China: How Serious Is The Informal Lending Sector? (21 October 2011) > more Thailand: Counting The Costs (21 October 2011) > more Thailand: Policy Rate Stays At 3.5% (19 October 2011) > more China: Growth Moderation Continues (18 October 2011) > more Singapore: September NODX Shrinks More Than Expected (17 October 2011) > more Singapore: Monetary Policy Eased, Gradual Appreciation Still Intact (14 October 2011) > more South Korea: External Risk Factors To Keep BoK On Hold (13 October 2011) > more Indonesia: Pre-emptive Rate Cut In Anticipation Of Global Downturn (11 October 2011) > more Singapore: MAS Likely To Ease Monetary Policy, Shift To Gradual SGD NEER Appreciation (07 October 2011) > more Singapore: August Manufacturing Output Surges On Pharma (26 September 2011) > more Singapore: Higher-Than-Expected August CPI Inflation (23 September 2011) > more US FOMC: Let’s Twist Again Like We Did In 1961 (22 September 2011) > more Singapore: August NODX Rebounds, More Than Expected (16 September 2011) > more Asia: Monetary Policy Dilemma in Asia (09 September 2011) > more Eurozone: Wake Me Up When September Ends (06 September 2011) > more Singapore: Jul manufacturing slightly lower than forecasts (26 August 2011) > more Thailand: Policy Rate hiked 25 bps to 3.5% (24 August 2011) > more Singapore: Surprise rise in Jul CPI inflation (23 August 2011) > more Thailand: 2Q GDP disappoints (22 August 2011) > more Malaysia: Revising Down Our Growth Forecast (18 August 2011) > more Singapore: Weaker-than-expected NODX in Jul reinforces expectations of 3Q technical recession (17 August 2011) > more Singapore: SOR Rates Head to Negative (10 August 2011) > more US: FOMC specified that ultra low policy interest rate could be held through mid-2013 (10 August 2011) > more Singapore: Technical recession expected in 3Q, but likely to be temporary (10 August 2011) > more US: US long term debt rating downgraded from AAA to AA+ by S&P (08 August 2011) > more Indonesia: GDP growth holding up but no resumption in interest rate normalization in sight (05 August 2011) > more US: US avoided a default but can it avoid sovereign credit downgrade? (03 August 2011) > more US: Debt Ceiling Debate Still in Deadlock - What's Next? (27 July 2011) > more South Korea: Easing growth unlikely to deter a rate hike in 3Q11 (27 July 2011) > more Eurozone: EU Summit Takes A Major Step Forward (22 July 2011) > more Singapore: CPI inflation revised upwards (21 July 2011) > more Singapore: Slower-Than-Expected NODX Growth In June (18 July 2011) > more Eurozone: A Quick Look At The European Banking Stress Test Results (18 July 2011) > more US: A Default Is Not Expected But The Political Stalemate Is Getting Markets Edgy (15 July 2011) > more South Korea: No Surprise In Decision To Hold Rates In July (14 July 2011) > more Singapore: 2Q Growth Weakens More Than Expected (14 July 2011) > more Thailand: Policy Rate Hiked 25 bps To 3.25% (13 July 2011) > more China: 2Q11 GDP Report Shows Moderation In Place (13 July 2011) > more Indonesia: No Trigger For A Resumption Of Rate Normalization Yet (13 July 2011) > more Eurozone: Anxieties widen beyond Greece; Now into Italy - How Real? (12 July 2011) > more Malaysia: Bank Negara Held Back Interest Rate Hike While Raising The Statutory Reserve Requirement (SRR) Ratio (08 July 2011) > more China: Third Interest Rate Hike This Year As Expected (07 July 2011) > more Thailand:Pheu Thai To Form New Government (04 July 2011) > more Taiwan:Benchmark Rate Hike As Expected (01 July 2011) > more Singapore: Sharp May IP Contraction Poses Downside Risks To 2Q GDP Growth (24 June 2011) > more Singapore: CPI Inflation Rose More Than Expected In May (23 June 2011) > more United States: The FOMC Reaffirmed Dovish Stance, As The Fed’s US Outlook Turns More Cautious (23 June 2011) > more Singapore: May NODX Expanded On Surge In Non-Electronics Exports (17 June 2011) > more China: A Swift Move To Hike Reserve Requirement Ratio (14 June 2011) > more South Korea: Pause Likely In The Next Two Meetings After Today (10 June 2011) > more Indonesia: Interest Rate Steady In June (09 June 2011) > more Asia: Inflation Risk Ebbing In 2012 (08 June 2011) > more Greece: At the Crossroads (02 June 2011) > more Thailand: Policy Rate hiked 25 bps to 3.0% (01 June 2011) > more Singapore: First Contraction In IP In 17 Months, But Recovery Likely In 2H11 (26 May 2011) > more Thailand: 1Q GDP Higher Than Expected (24 May 2011) > more Singapore: Apr CPI Inflation Rises On M/M Basis But On Year, Inflation Appears To Have Peaked In Jan (23 May 2011) > more Malaysia: A Weaker-Than-Expected First Quarter (19 May 2011) > more Singapore: NODX In Apr Contracted For The First Time In 18 Months (16 May 2011) > more South Korea: BoK Surprised Wih No Move (13 May 2011) > more China: Fifth RRR Hike This Year (13 May 2011) > more Indonesia: Keeping Interest Rate On Hold (12 May 2011) > more Singapore: A Historic Political Moment: How The Market Will View This? (09 May 2011) > more Malaysia: BNM Resumed Interest Rate Hike In May (06 May 2011) > more Indonesia: First Quarter Growth Slightly Below Forecast (05 May 2011) > more US: USD Weakness to Persist On Soft FOMC Tone (28 April 2011) > more South Korea: Growth strengthened in 1Q11, BoK likely to resume rate hike in May (27 April 2011) > more Thailand: Policy Rate increased 25 bps to 2.75% (20 April 2011) > more Singapore: NODX Growth In Mar Surprised On Upside (18 April 2011) > more China: Hiking RRR For The Fourth Time This Year (18 April 2011) > more China: Strong Growth Momentum To Trigger Further Tightening Ahead (14 April 2011) > more Indonesia: BI on hold, turning to IDR to control inflation (13 April 2011) > more South Korea: BoK Remains Moderate (12 April 2011) > more Eurozone: ECB Raises Rates (08 April 2011) > more China: Second Interest Rate Hike This Year (06 April 2011) > more Taiwan: Benchmark Rate Hike As Expected (01 April 2011) > more Singapore: Lowest y/y growth in IP in 15 months (25 March 2011) > more Singapore: CPI Inflation Dips In Feb, But Inflationary Pressures To Remain (23 March 2011) > more China: PBoC Delivers Third RRR Hike This Year (21 March 2011) > more South Korea: Less Hawkish BoK Despite Rate Hike (10 March 2011) > more Thailand: Policy Rate Increased 25 bps To 2.50% (10 March 2011) > more Indonesia: Risk of Less Aggressive Interest Rate Tightening in 2011 (07 March 2011) > more Geopolitical Risks Take Centre-Stage (24 February 2011) > more Thailand: 4Q GDP And Full Year Growth In Line With Expectations (21 February 2011) > more Malaysia: Upping Our 2011 GDP Forecast (21 February 2011) > more China: Another RRR Hike To Drain Liquidity (21 February 2011) > more China: Interest Rate Hike On Track in 2011 (09 February 2011) > more Indonesia: BI heralded in first rate hike since the financial crisis (7 February 2011) > more Malaysia: Interest Rate Steady, Bank Negara Flagged Additional Policy Tools (28 January 2011) > more US Macro Policy Mix: FOMC Unchanged Plus ‘State of the Union’ Cuts (27 January 2011) > more Souh Korea: Moderate Economic Growth, Higher Inflationary Pressure (27 January 2011) > more Singapore: Biomedical output drags down Dec manufacturing growth (26 January 2011) > more Singapore: CPI inflation slowing on a m/m basis (24 January 2011) > more China: Slight Moderation In 4Q Data Means Further Tightening Ahead (20 January 2011) > more Singapore: Dec Capped A Sterling Year For NODX Growth (17 January 2011) > more China: PBoC Ushers In New Year with RRR Hike (17 January 2011) > more Singapore: Pouring Cold Water On The Property Market (14 January 2011) > more China: Preview Of Hu’s State Visit To US (14 January 2011) > more Australia: Thoughts on the Queensland flooding (13 January 2011) > more South Korea : Centering on Inflation Risks (13 January 2011) > more Thailand: Policy Rate Increased 25 bps To 2.25% (12 January 2011) > more Singapore: Record growth for 2010 at 14.7% (03 January 2011) > more Taiwan: CBC Hikes Interest Rate As Expected (31 December 2010) > more China: PboC Tightens Key Interest Rates Further In View of Inflationary Pressures (27 December 2010) > more Winter Spotlight: Eurozone Sovereign Credit Rating Downgrades (21 December 2010) > more China: PBoC Hikes RRR Again To Contain Liquidity (13 December 2010) > more Thailand: THB To Strengthen In Medium To Long-Term (06 December 2010) > more Indonesia: BI Kept Benchmark Interest Rate Steady (03 December 2010) > more Eurozone: Capping Contagion Fears (01 December 2010) > more Singapore: Pharma lifts Oct Industrial Production growth (26 November 2010) > more South Korea: Tensions in the Korean Peninsula Keeping Markets on Edge (25 November 2010) > more Malaysia: Weaker Growth in Second Half (24 November 2010) > more Singapore: CPI inflation slowing on a m/m basis (23 November 2010) > more China: PBoC Strikes Again with Reserve Requirement Ratio Hike (22 November 2010) > more Singapore: Technical Recession In 4Q Unlikely (18 November 2010) > more Singapore: Upside In Oct NODX Growth Helped By Both Electronics & Non-Electronics (16 November 2010) > more South Korea: BoK Finally Strike Again (16 November 2010) > more Eurozone Drama: Ireland Takes Centre-Stage.. At Least For A While (15 November 2010) > more China: PBoC Ratchets Up Reserve Requirement Ratio (11 November 2010) > more Indonesia: BI Kept Interest Rate Steady As Expected (04 November 2010) > more FOMC: New QE Framework Focused on Medium-Term Dual Mandate (04 November 2010) > more Australia: RBA Delivers a 25bps Rate Hike (02 November 2010) > more South Korea: 3Q10 GDP In Line With Consensus, Renewing Rate Hike Expectation (27 October 2010) > more Singapore: Manufacturing Production Rebounds In Sep (26 October 2010) > more Singapore: CPI inflation slowing on a m/m basis in Sep (25 October 2010) > more China: 3Q GDP Data Show Growth Moderation On Track (21 October 2010) > more Thailand: Policy Rate Maintained at 1.75% (20 October 2010) > more China: PBoC Tightens Further With Interest Rate Hikes (20 October 2010) > more Singapore: Sep NODX Growth Better-Than-Expected (18 October 2010) > more South Korea: BoK On Hold For Third Straight Month (14 October 2010) > more Thailand: Capital Gain Tax To Have Slight Impact (12 October 2010) > more China: PBoC Hikes RRR Temporarily For Large Banks (12 October 2010) > more Malaysia: 2011 Budget Preview (8 October 2010) > more Indonesia: Bank Indonesia Holds Rates Again (5 October 2010) > more Japan: BOJ - Jumping Ahead Of The Fed (5 October 2010) > more Australia: RBA Catches Most By Surprise As It Stays Pat at 4.5% (5 October 2010) > more Taiwan: Policy Interest Rate Continues To Normalize (1 October 2010) > more The Fed: Formalising The Easing Bias (22 September 2010) > more Singapore: Aug NODX Growth Quickened Unexpectedly (17 September 2010) > more South Korea: BoK Paused For The Second Straight Month (9 September 2010) > more Indonesia: BI Raised Bank Reserve Requirement and Kept Interest Rate Steady (3 September 2010) > more China: Tracking The Trade-Weighted RMB (2 September 2010) > more Assessing GDP Growth In Asia (2 September 2010) > more Examing the Risks of Intervention in the JPY (1 September 2010) > more Fed: In wait and see mode (30 August 2010) > more Thailand: Inflationary Pressures To Be Mitigated (27 August 2010) > more Malaysia: Strong 2Q10 GDP And Liberalisation Measures Boost MYR (19 August 2010) > more Singapore: Jul NODX Growth Decelerated (17 August 2010) > more HK: Property Tightening Measures Overshadow 2Q GDP Report (16 August 2010) > more South Korea: BoK Paused Interest Rate Hike (12 August 2010) > more US: The Fed's On The Brake Pedal (11 August 2010) > more Indonesia: Interest rate steady but prospect of rate hike has increased (5 August 2010) > more South Korea: 2Q10 GDP Above Expectation But Monetary Policy Focus is on 2011 Prospects (26 July 2010) > more Singapore: Manufacturing production slows markedly in Jun (26 July 2010) > more EU: EU Bank Stress Test Results Not Exactly Stressful, But A Good Start (26 July 2010) > more Singapore: CPI inflation slowed in June (23 July 2010) > more Thailand: 25bps Policy Rate Hike at 1.50% (14 July 2010) > more Singapore: 2Q y/y growth fastest on record (14 July 2010) > more South Korea: BoK Kicked Off Interest Rate Normalisation (09 July 2010) > more Malaysia: Bank Negara Pushed Ahead With Its Third Rate Hike This Year (09 July 2010) > more Taiwan: Monetary Policy Normalization On Track With Surprise Rate Hike (25 June 2010) > more US: Fed Tightening Still a Distance Away (24 June 2010) > more Singapore: NODX growth pace slower than Apr (17 June 2010) > more Australia: RBA Stays Pat at 4.50% (01 June 2010) > more Singapore: Manufacturing Production Surges Ahead in April, Good Start to 2Q GDP (26 May 2010) > more Singapore: CPI Inflation Fastest in 14 Months (24 May 2010) > more Singapore: Apr NODX continued to expand strongly (17 May 2010) > more Malaysia: Strong Growth in 1Q10, BNM Hiked Second Time This Year (14 May 2010) > more South Korea: BoK Holds Interest Rate at 2.0% (12 May 2010) > more Indonesia: No Move From Bank Indonesia Yet (06 May 2010) > more Australia:RBA Takes Official Cash Rate Higher to 4.50% (04 May 2010) > more China: Third Reserve Ratio Hike (03 May 2010) > more Key Central Banks Dashboards (30 April 2010) > more United States: Holding on for an extended period (29 April 2010) > more New Zealand: RBNZ opens the door for a rate hike (29 April 2010) > more Singapore: Growth in manufacturing production leaps, better 1Q GDP expected (26 April 2010) > more China: Monitoring the RMB Calendar (26 April 2010) > more Singapore: CPI inflation fastest in a year on basis effect (23 April 2010) > more Singapore: March NODX Y/Y Continues to Strengthen (16 April 2010) > more Malaysia: Retaining Our MYR Call (16 April 2010) > more South Korea : Rates On Hold as Expected (09 April 2010) > more China: Potential FX Policy Change Announcement Ahead (09 April 2010) > more Malaysia: Kicking Off Interest Rate Normalisation (05 March 2010) > more Indonesia: Weak Inflation Permits Low Rates (04 March 2010) > more Australia: RBA Hikes by 25bps (02 March 2010) > more Singapore: Manufacturing Production Jumps Much More Than Expected in Jan (26 February 2010) > more Singapore: CPI Inflation Fastest in 10 Months (23 February 2010) > more The United States: Surprise Hike in the Discount Rate (19 February 2010) > more China: Second RRR Hike in a Month (17 February 2010) > more Korea: Postponing Rate Hike (12 February 2010) > more Indonesia: Strong Set of GDP Data For 4Q09 (11 February 2010) > more United Kingdom : BoE Halts Bond-Buying Program; Keeps Rate Unchanged (05 February 2010) > more Indonesia: Steady Interest Rate (04 February 2010) > more Thailand: Relaxing Outflows to Curb THB Strength (02 February 2010) > more South Korea: Growth momentum eased in 4Q09 (26 January 2010) > more Singapore: NODX Y/Y Growth Biggest in Nearly 4 Years (18 January 2010) > more Eurozone: Unlikely to See Any Further "Exit Strategy" Plans For Now (15 January 2010) > more Thailand: Policy Rate Unchanged at 1.25% (13 January 2010) > more China: Taking Its First Step Towards Policy Reversal (13 January 2010) > more South Korea: Pressure to Hold Off Monetary Policy Tightening (08 January 2010) > more United Kingdom: No Policy Changes from the BoE (08 January 2010) > more Indonesia: Keeping Interest Rate on Hold in the Next Few Months (06 January 2010) > more Singapore: Growth pace eased in 4Q, but 2010 might hold surprise (04 January 2010) > more
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- 2009
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Singapore: SGD 3-Mth SIBOR in 2010 to Rise Moderately, But will be Choppy (14 December 2009) > more United Kingdom: No Surprises from the Bank of England (11 December 2009) > more South Korea: On Hold but Rate Normalisation to Begin by Early 2Q10 (10 December 2009) > more New Zealand: Kiwi Gets a Lift as RBNZ's Carries Forward Plan to Raise Rates (10 December 2009) > more EU: ECB Keeps Interest Rates Unchanged (4 December 2009) > more Indonesia: BI Maintains Interest Rate at Record Low (3 December 2009) > more Thailand: Policy interest rate kept unchanged at 1.25% (2 December 2009) > more Australia: RBA hikes for the third consecutive time (2 December 2009) > more Dubai: Standstill in Debt Repayment: More Manageable For Now (30 November 2009) > more Singapore: Manufacturing Again Contracts More Than Expected (26 November 2009) > more Thailand: Bumpy road to recovery (24 November 2009) > more Singapore: CPI inflation contracted for 7th straight month (23 November 2009) > more Malaysia: FGrowth momentum strengthened further in 3Q09 (20 November 2009) > more South Korea: Foreign Currency Liquidity Regulations (20 November 2009) > more Singapore: NODX Declines in October Smallest in More Than a Year (17 November 2009) > more South Korea: BoK Stood Pat (13 November 2009) > more Indonesia: 3Q09 GDP suggests full-year tracking above 4% growth (11 November 2009) > more Eurozone: ECB Stays Pat at 1.00% (6 November 2009) > more UK: BoE Increases Size of Asset Purchase Programme by 25 Billion Pounds; Leaves Repo Rate Unchanged at 0.50% (6 November 2009) > more US: The FOMC Delivers Minimal Surprises, though with Incremental Clarity (5 November 2009) > more Indonesia: Remaining Dovish on Inflation (4 November 2009) > more Australia: RBA Lifts OCR Up by 25bps to 3.50% (3 November 2009) > more New Zealand: RBNZ Stays at 2.5% (29 October 2009) > more South Korea: Growth Surprises on the Upside (26 October 2009) > more Singapore: Manufacturing Slumped More Than Expected on Pharmaceutical Production (26 October 2009) > more Singapore: CPI Inflation Contracted for 6th Straight Month (23 October 2009) > more Thailand: No change to 1.25% Policy Interest Rate (21 October 2009) > more Singapore: Sep NODX expands on month (16 October 2009) > more Malaysia: 2010 Budget Preview (16 October 2009) > more South Korea: On hold as expected (9 October 2009) > more Australia: Our thoughts on the RBA's 25bps hike (9 October 2009) > more Indonesia: Interest rate on hold for second consecutive month (6 October 2009) > more Singapore: Manufacturing Expands Faster than Expected on Pharmaceutical Production (25 September 2009) > more US: The FOMC Shifts Gingerly (24 September 2009) > more Singapore: CPI Contraction Easing Faster than Expected (23 September 2009) > more US: The Intricate Fed Balance Sheet (18 September 2009) > more Singapore: Aug NODX Improved on Month, Contraction Eased on Year (17 September 2009) > more South Korea: BoK Signalled Possibility to Hike Rate Soon (11 September 2009) > more United Kingdom : BoE Leaves Repo Rate Unchanged at 0.5% (11 September 2009) > more New Zealand: RBNZ Leaves OCR Unchanged at 2.5% (10 September 2009) > more Eurozone: ECB stays on hold in Sep at 1.00% (4 September 2009) > more Australia: Overnight Cash Rate Target Stays Pat at 3.00%; Q2 GDP Numbers Surprise on the Upside (3 September 2009) > more Malaysia: Malaysia 2Q09 GDP: Coming Out of "Technical" Recession (27 August 2009) > more Singapore: Manufacturing Posts Strongest Growth Rate in 16 Months on Pharmaceutical Production (26 August 2009) > more Malaysia: BNM on Hold as Expected (25 August 2009) > more Singapore: CPI Continued to Fall in July y/y, But Rose on Month (24 August 2009) > more Singapore: July NODX Improves on Month (17 August 2009) > more US: A Selectively Progressive August FOMC Meeting (13 August 2009) > more South Korea: Bok Doused Expectation of an Earlier-than-Expected Monetary Tightening (12 August 2009) > more Indonesia: 2Q09 GDP: Momentum Continues to Strengthen (11 August 2009) > more Indonesia: BI Cut by 25bps, Probably Reached the End of its Easing Cycle (5 August 2009) > more China: Determining Extent of "Hot Money" Flows (5 August 2009) > more Singapore: Unemployment Rate Unchanged (31 July 2009) > more Malaysia: Bank Negara Left Rates Unchanged at 2.0% (30 July 2009) > more US: The Inherent Relationships of Fixed Investment Categories (28 July 2009) > more Singapore: CPI Fell in June (23 July 2009) > more Indonesia: Indonesia in the Aftermath of the Bombings (21 July 2009) > more Singapore: NODX Declines Continue to Lessen on June (17 July 2009) > more China: 2Q09 Data Show 8% Growth Target On Track (16 July 2009) > more Singapore: 2Q09 GDP Data Preview (8 July 2009) > more Indonesia: BI Cut Rates Again, Easing Nearing the End (3 July 2009) > more Malaysia: Highlights of the liberalisation measures (30 June 2009) > more Singapore: Manufacturing Expands on Year After 7 Months of Consecutive Declines (26 June 2009) > more US: The Fed Still Has Plenty to Chew On (25 June 2009) > more Singapore: Inflation Up in May (23 June 2009) > more Singapore: NODX Improves in May (17 June 2009) > more Thailand: Economy Likely Seen the Worst, Improvement in the Rest of the Year (9 June 2009) > more Indonesia: BI Cut by 25bps as Expected (3 June 2009) > more Malaysia: Malaysia 1Q09 GDP: Much Worse-Than-Expected, Calls for Further Growth Downgrade (28 May 2009) > more Malaysia: Second Consecutive Month of Inaction Suggests Rate Cut Cycle is Over (27 May 2009) > more Singapore: Manufacturing Output Falls Only Slightly in April, Helped by Biomedical Manufacturing (26 May 2009) > more Singapore: Inflation Turns Negative in April (25 May 2009) > more Singapore: Manufacturing and Services Helped Boost 1Q GDP Slightly (21 May 2009) > more Thailand: No interest rate cut (20 May 2009) > more Singapore: Steeper NODX decline in April (18 May 2009) > more US: Predicting When Recessions Come to an End (4 May 2009) > more US: The April 28-29 FOMC meeting: Awkwardly Uneventful (30 Apr 2009) > more Singapore: Unemployment Climbs (30 Apr 2009) > more US: Positive and Fuzzy Details in the Advance 1Q09 GDP Release (30 Apr 2009) > more Malaysia: BNM Kept OPR Steady at 2.0% in April (30 Apr 2009) > more US: US Industry Growth: Shocking and Not-So-Shocking Details (29 Apr 2009) > more Singapore: Manufacturing Output Worsens Sharply (24 Apr 2009) > more Singapore: Price Increases Look Set to Abate (23 Apr 2009) > more Singapore: Trading USD/SGD After the MAS' Monetary Policy Meeting (20 Apr 2009) > more US: Reassessing theGrowth Arithmetic in 1q09 (17 Apr 2009) > more China: 1Q Data in Tug-of-War (16 Apr 2009) > more Taiwan: CBC At End of Easing Cycle (27 March 2009) > more Singapore: Production Slumps in February, But No Bottoming Out Yet (26 March 2009) > more US: Lingering Questions on the Fed and Markets (25 March 2009) > more Singapore: Inflation Continues to Cool in February (23 March 2009) > more US: The Fed Shocks and Markets Rejoice (19 March 2009) > more Singapore Economy: What Does it Takes For an 8% Contraction Outcome? (19 March 2009) > more Singapore: NODX Declines in Feb But Eases From Jan (17 March 2009) > more South Korea: BoK Surprised Market By Not Moving (12 March 2009) > more Singapore: Deep Declines in Economic Growth Dampen SGD (10 March 2009) > more Indonesia's Rate Cut: Probably Some More Way To Go (05 March 2009) > more Malaysia: GDP Disappoints, More Downside From Here (02 March 2009) > more Singapore: Services Sank, Dragging GDP Down Along With It (26 February 2009) > more Malaysia: Remains Aggressive in its Monetary Easing (25 February 2009) > more Singapore: Slight Drop in Prices in January (23 February 2009) > more Taiwan: CBC Cuts Rate as Downturn Deepens (18 February 2009) > more Singapore: NODX Contraction in Jan Steepest on Record (17 February 2009) > more SK: BoK Cut Rates, Indicate Room For More Easing (12 February 2009) > more US: Overemphasis on Unemployment in Forecasting Inflation can be Misleading (11 February 2009) > more US Fiscal Lift: "On-the-Napkin" Estimates (05 February 2009) > more Indonesia: No Surprise At Rate Meeting (04 February 2009) > more FX: Positioning For Medium Term JPY Appreciation, Sell EUR/JPY (04 February 2009) > more Australia: RBA Cuts 100bps, In Line With Our Expectations to 3.25% (03 February 2009) > more Malaysia: Surprisingly Large Rate Cut Signals Deep Economic Concerns (22 January 2009) > more China: Taking Down 2009 Forecasts (22 January 2009) > more Singapore: How Much Reserves Are Needed? (19 January 2009) > more Singapore: NODX Decline Sharpest in Nearly 7 Years (16 January 2009) > more Thailand: Larger-Than-Expected Interest Rate Cut, More Expected (14 January 2009) > more South Korea: South Korea: Monetary Easing Continues (09 January 2009) > more Taiwan: CBC Cuts Interest Rate and Heads Towards Lower Bounds (07 January 2009) > more Indonesia: Indonesia: Looking At More Rate Cuts Ahead (07 January 2009) > more US: Let the Debate on Longer-Term US Treasuries Begin... (06 January 2009) > more Singapore: Low Growth for 2008, MTI Revises 2009 GDP Growth Forecast Down (02 January 2009) > more
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- 2008
Singapore: Continued Decline in Industrial Production for November, But Less Than Expected (26 December 2008) > more Singapore: CPI Eased in November (23 December 2008) > more China: PBoC Wraps Up 2008 With Its Fifth Interest Rate Cut (23 December 2008) > more Singapore: NODX Deteriorating at a Fast Pace (17 December 2008) > more US: As the Fed Ventures Deeper, Communication Hurdles are Raised (17 December 2008) > more US: The Tentative Downward Nudge to 4q08 Growth from the Trade Balance Release (12 December 2008) > more Taiwan: Further Rate Cuts Ahead (11 December 2008) > more South Korea Slashed its Benchmark Rate by an Unprecedented 100bps (11 December 2008) > more BI Brought Forward Rate Cut (04 December 2008) > more US: Adjustments and Alignments to our Macro Outlook (04 December 2008) > more Thailand: Larger-than-Expected Interest Rate Cuts (04 December 2008) > more Thailand: Lower Growth Expected (02 December 2008) > more US: Understanding Fed Policy Constraints and Alternatives (02 December 2008) > more Week Ahead FX Strategy (01 December 2008) > more China: Aggressive Rate Reductions (27 November 2008) > more Singapore: CPI came in higher than expected in October to 6.4% y/y (24 November 2008) > more Singapore: NODX Declined Sharply in Oct to 15% y/y (17 November 2008) > more US: The Explicit and Implicit Influences in the 10-year US Treasury Yield (14 November 2008) > more Indonesia: New Ruling on USD-Purchase (13 November 2008) > more US: Dissecting Unemployment Flows (12 November 2008) > more Taiwan: Another Surprise Interest Rate Cut (10 November 2008) > more China: A Massive Fiscal Stimulus Package (10 November 2008) > more Revisiting our US Economic Forecasts (06 November 2008) > more Taiwan: Surprise Interest Rate Cut (30 October 2008) > more China: Third Interest Rate Cut in 7 weeks (30 October 2008) > more Singapore: Sep Industrial Output Outperformed Expectation (24 October 2008) > more China: Significant Policy Change in Property Market (23 October 2008) > more Singapore: Singapore Inflation Rebounded in September but Trend is Downward From Here (23 October 2008) > more China: Growth Decelerating Further in 3Q08 (20 October 2008) > more Singapore: September NODX Contracted For Fifth Straight Month (17 October 2008) > more HK: Base Rate Adjustment Yet to Have Impact (10 October 2008) > more China: PBoC's Rate Cut on 8 Oct (09 October 2008) > more Taiwan: CBC Took to Surprise Rate Cut (09 October 2008) > more US: Coordinated Rate Cuts: Desperate Times Compel Desperate Action (09 October 2008) > more US: Heightened Near-Term Expectations of Fed Rate Cuts: Realistic or Exaggerated? (06 October 2008) > more Singapore: August Industrial Output Continued Double-Digit Contraction (26 September 2008) > more Taiwan: CBC's Policy Reversal Suggests Further Cuts Ahead (26 September 2008) > more Singapore: Inflation Continued to Moderate in August (23 September 2008) > more US: Relevant Details on the Fed's Balance Sheet... (19 September 2008) > more Singapore: Aug NODX Came in Below Expectation But was up from July After Seasonal Adjustment (17 September 2008) > more US: The FOMC Keeps its Cards Close to its Chest... (17 September 2008) > more China: PBoC Reverses Course with Rate Cuts (16 September 2008) > more US: Rising Speculation of Fed Rate Cuts? (15 September 2008) > more Thailand: Last Rate Hike For the Year (27 August 2008) > more Thailand: Headwinds to Growth in 2H08; 1H08 Holds Firm (26 August 2008) > more Singapore: July Industrial Output Posts Sharpest Decline in 7 Years (26 August 2008) > more Singapore: Inflation has Peaked in 1H08 and is on the Wane (25 August 2008) > more Malaysia 2009 Budget Preview (21 August 2008) > more Singapore: July NODX Fell For A Third Straight Month (18 August 2008) > more A Brief Update on the Pulse of the US Economy: Tweaks and Twists in the Data (14 August 2008) > more Indonesia: 2Q08 GDP surprised on the upside (14 August 2008) > more Singapore: Re-aligning Our SGD NEER Model (13 August 2008) > more Singapore: Choppy Waters Ahead (11 August 2008) > more USD/SGD: After surging to 5-month high... (08 August 2008) > more South Korea: BoK Joins Other Asian Central Banks in Hiking Interest Rates (07 August 2008) > more The August 5th FOMC Meeting: No Preconceived Notions (06 August 2008) > more Indonesia: BI Delivered Another 25bps Rate Hike as Expected (05 August 2008) more AUD After the RBA (05 August 2008) > more Malaysia Resists Rate Hike on Growth Concerns (29 July 2008) > more China: Politburo's Policy Direction for Second Half (28 July 2008) > more South Korea: 2Q08 GDP Growth Came in Within Expectation (28 July 2008) > more Singapore: Industrial Output Rose 2.5% y/y in June; 2Q Manufacturing Growth Likely to be Revised Marginally Higher (25 July 2008) > more The Close Call for the Peak of the Antipodean Rates (23 July 2008) > more Singapore: Inflation Likely Peaked in June, to Moderate in Second Half (23 July 2008) > more Singapore: Singapore 2Q08 NODX Dives 5.4% y/y: Start of a Sustained Downward Trend in Exports? (17 July 2008) > more China: Tracking Slower in 2Q08 (17 July 2008) > more Thailand: Modest Tightening of Interest Rates (16 July 2008) > more The Tall Call for Aussie at Parity (11 July 2008) > more Taiwan's Central Bank Hikes Rate As Expected (26 June 2008) > more Singapore: May Industrial Production Posted Sharpest On-Year Drop in 7 Years, on Pharmaceutical Slump (26 June 2008) > more Singapore: May CPI Held Steady at 7.5% y/y, Unchanged from April (23 June 2008) > more Fed Policy in the Near-Term: Grappling with Reality (23 June 2008) > more Singapore: May NODX Posted its Sharpest Drop in more Than a Year, on Contracting Drugs and Electronics Exports (17 June 2008) > more Singapore: Upping Our Annual Inflation Forecast for 2008 to 6.0% y/y (16 June 2008) > more China: PBoC Turns Aggressive on Reserve Requirement Hike (09 June 2008) > more US: Assessing the Uproar Surrounding the Unemployment Rate (09 June 2008) > more Singapore: April Industrial Production Dropped Its Most in 10 Months, on Sharp Pharmaceutical Contraction (26 May 2008) > more The April FOMC Minutes: The Fed Embarks on a Period of Watchful Waiting (22 May 2008) > more Singapore: April NODX Growth Supported by Petrochemicals Shipments (16 May 2008) > more China: PBoC Hiked Reserve Ratio Again to Rein in Liquidity (12 May 2008) > more Indonesia: BI Set to Lift Interest Rates as Domestic Inflation Turned Higher (07 May 2008) > more EUR/USD, Oil and Inflation - Gold at $1000/oz Again? (25 April 2008) > more Singapore: March Industrial Production Outperformed on the Back of Pharmaceuticals Surge (25 April 2008) > more The Upcoming April 29-30 Fed Meeting: A "Dull" Outcome? (25 April 2008) > more Singapore: March Inflation Surges to Fresh 25-Year High (23 April 2008) > more Singapore: March NODX Surprised on the Downside (17 April 2008) > more Singapore: USD/SGD Poised for more Downside (14 April 2008) > more US Recession Publicity: Some Observations and Assumptions (11 April 2008) > more BoT Keeps Interest Rates Unchanged at 3.25% at 9 April Monetary Policy Committee Meeting (09 April 2008) > more Bank Indonesia Keeps Benchmark 1-Mth SBI Rate Steady at 8.00% at 3 Apr Monetary Policy Meeting (03 April 2008) > more Chairman Bernanke's JEC Testimony Instigates Speculation (03 April 2008) > more Taiwan's Central Bank Hikes Rate as Expected (27 March 2008) > more Singapore: Manufacturing Output To Boost 1Q08 GDP (26 March 2008) > more US: The FOMC Juggles more Cautiously at the March 18 Meeting (19 March 2008) > more China: PBoC hikes reserve requirement ratio for second time in 2008 (19 March 2008) > more Singapore: Feb NODX Lifted By Non-Electronics (17 March 2008) > more The Fed on the Alert (17 March 2008) > more Singapore: Jan Manufacturing Output Revised Up (11 March 2008) > more Some Observations on the US Treasury Curve...with Implications on Fed Policy and the Economy (07 March 2008) > more Bank of Thailand Lifts Capital Controls, Effective 3 March 2008 (29 February 2008) > more Malaysia: 4Q07 GDP Growth Surpassed Expectation (28 February 2008) > more Singapore Manufacturing Output Rebounded in Jan But Uncertainties Abound (26 February 2008) > more US Macro Forecast: Understanding the Challenges and Assumptions (25 February 2008) > more Singapore's Jan CPI Surged to Fresh 25-Year High (25 February 2008) > more Whither the Strength in the Antipodeans-Sustainable Run? (20 February 2008) > more Singapore: Jan NODX Surprised on the Upside But Outlook Ahead Remains Uncertain (18 February 2008) > more Bernanke's Valentine's Day Testimony...Short but Not Sweet (15 February 2008) > more US: A Back-of-the-Envelope Calculation of the Likely Impact from the 2008 Tax Rebates (14 February 2008) > more The January 29-30 FOMC Meeting: The Inclination to Ease Remains (31 January 2008) > more Singapore Manufacturing Output Fell in Dec But 2007 Full Year Growth Intact (25 January 2008) > more China: 4Q07 Data Show Early Signs of Moderation (24 January 2008) > more The Fed's Intermeeting Policy Gambit (23 January 2008) > more The Upcoming Fed Meeting on January 29-30, 2008: Understanding the Possibilities (18 January 2008) > more Singapore: NODX Contracted For the Second Straight Month in Dec (17 January 2008) > more China's First Reserve Ratio Hike in 2008 (17 January 2008) > more Ahead of the ECB & BoE Jan Monetary Policy Decisions (09 January 2008) > more Bank Indonesia Keeps Interest Rates Steady (08 January 2008) > more Complexities in the Near- and Medium-Term Fed Policy Forecast (07 January 2008) > more US Recession Odds in 2008: Pressing but Not Assured (07 January 2008) > more The December 11 FOMC Minutes: A "Soft Tilt" in Favor of Weaker Growth Prospects? (03 January 2008) > more Singapore: 4Q07 GDP Growth Disappoints (02 January 2008) > more
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Our Team
| Jimmy
Koh Chew Teck Head of Economic-Treasury Research Tel: +65 6539 3545 | Alvin
Liew Senior Economist Tel: +65 6539 8930 | Lee
Sue Ann Treasury Economist Tel: +65 6539 3549 |
| Suan
Teck Kin Senior Economist Tel: +65 6539 3922 | Ho
Woei Chen Economist Tel: +65 6539 3948 | Chow
Penn Nee Economist Tel: +65 6539 3923 |