Good MornING Asia - 21 May 2020

No news is good news for now but Thursday's rally could be tempered by the economic outlook

In this bundle

Asia Morning Bites

ASEAN Morning Bytes

No news is good news for now but Thursday's rally could be tempered by the economic outlook

China

China: a pause from the PBoC

The PBoC did not cut interest rates this month. This is despite deleting the description of a prudent monetary policy stance, which created a market…

Malaysia

Malaysia: Falling prices call for more interest rate cuts

Deep negative inflation in Malaysia has driven the real interest rate to one of the highest in Asia – not a good thing for the post-Covid-19…

Philippines

Philippines: Missing the remittance cushion

The Philippines relies heavily on overseas Filipino workers remittances, but with Covid-19, we expect remittances to fall by up to 6.9% in 2020. As the…