Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
BOJ Seen Moving Toward December Rate Hike as Yen Slides 
New RBNZ Governor Anna Breman Aims to Restore Stability After Tumultuous Years 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
The People’s Bank of China (PBoC) is expected to maintain an easing bias, given its concerns about financial stability, according to the latest report from ANZ Research.
China’s headline inflation will move higher amid the surge in global oil prices and recent geopolitical tensions. However, a limited impact is expected as the Chinese authorities has price control mechanisms in place in the energy and related sectors.
ANZ’s model shows that if oil prices increase 10 percent in 2020 from their average level in 2019, it will add 0.3ppt and 0.7ppt to ANZ’s baseline CPI forecast (to 3.8 percent, from 3.5 percent) and PPI forecast (to 0.3 percent, from -0.4 percent).
"We thus maintain our forecast for another 50bp reduction in the reserve requirement ratio (RRR) in 2020 after the cut announced on January 1," the report further commented.
