Better-than-expected tax amnesty flows reduce downside risks to Indonesia's growth; BI to slash rates in Oct

Oct 13, 2016 06:49 am UTC| Commentary Economy Central Banks

The better-than-expected tax amnesty flows at the end of the first phase of the program (1 July to 30 September) have reduced the downside risks to growth given that the extent of cuts in expenditure will be smaller....

UK house prices rally for second straight month in September, near-term price outlook improves

Oct 13, 2016 06:26 am UTC| Commentary Economy

House prices in the United Kingdom rallied for the second straight month during September, with the near-term prices expectations outlook having improved. UKs monthly house price index increased to +17 in September from...

New Zealand consumer confidence improves in October on strong economic outlook

Oct 13, 2016 05:57 am UTC| Commentary Economy

Consumer confidence in New Zealand improved during the month of October, as rising house prices and a strong labour market keep people upbeat, further supporting economic growth. The ANZ-Roy Morgan consumer confidence...

Indonesia September consumer prices likely to ease, core-inflation likely to remain range-bound

Oct 13, 2016 05:04 am UTC| Commentary Economy

Consumer prices in Indonesia are expected to have eased during the month of September as food costs likely continued to soften, particularly perishables and pulses, while sugar and spices act as a...

China exports fall to 7-month low in September, adds to rising yuan pressure

Oct 13, 2016 04:14 am UTC| Commentary Economy

Exports in China fell to a seven-month low during the period of September, adding to rising yuan pressure, which is at near six-year low. Chinas exports fell 10 percent from a year earlier in September, data released by...

Little probability of rate cut from Bank of Thailand this year

Oct 12, 2016 12:01 pm UTC| Insights & Views Central Banks Economy

Bank of Thailand (BoT) has kept its interest rate unchanged at 1.5 percent since June 2015. The central bank is more inclined to maintaining loose monetary conditions via a weaker THB rather than lower rates. And with two...

China September auto sales register highest monthly growth since January 2013

Oct 12, 2016 11:54 am UTC| Commentary Economy

Auto sales in China registered the highest monthly growth since January 2013, during the month of September, as consumers seeking to beat an expiring tax cut helped clear inventory on dealer lots. Passenger-vehicle...