Good MornING Asia - 7 February 2018

Appreciating Chinese yuan supports forecast of continued rise in China’s foreign exchange reserves. The solid consensus of no change to Indian central bank policy today suggests no light at the end of the tunnel for the sovereign bond market. Upside inflation surprise raises the likelihood of Philippines central bank policy tightening soon

In this bundle

China

Foreign reserves pile up by strong yuan

We expect foreign reserves to rise to $3165.0bn in January 2018 from December's $3139.9bn because of fast appreciation of the yuan in the month as…

India

Will India’s central bank arrest the bond market selloff?

The Reserve Bank of India's solid consensus forecast to keep monetary policy on hold offers no hope

Philippines

Philippines: Monetary policy tightening could be soon due to upside inflation surprise

Upside January inflation surprise of 4%, at the upper end of central bank's (BSP's) forecast of 3.5% to 4%, prompts at least a more hawkish tone…