DeutscheBankEconomicsDateResearch27March2024AsiaMacroInsightAsiaPolicydiversionThePBoChelditspolicyrateunchangedagaininMarchamidanupwardsurpriseJulianaLeeinCPIinflationandsustainedpressureontheCNY.WhilewehavemaintainedourChiefEconomistforecastoffurtherMLFratecuts,theirtimingwouldbedata-dependent.China’s+65-6423-5203economicactivityindicatorsinthefirsttwomonthsoftheyearfaredbetterthanexpected,despiteastill-weakpropertymarketandsofteningcreditgrowth.YiXiong,Ph.D.ChiefEconomistIndia’sGDPgrowthsurprisedtotheupside,promptingasignificantupward+852-22036139revisiontoourforecasts,whileinflationcameinslightlyhigherthanconsensus.Ifitintendstostartcuttingratesatmid-year,achangefromthecurrentmonetaryKaushikDaspolicystanceof"withdrawalofaccommodation"toneutralislikelytocomeaheadChiefEconomistofsuchamove.+91-22-71804909DeyunOuResearchAssociateWhiletheKoreangovernmentofferedinvestorsasilverlining,promotingtheTableofcontentsCorporateValue-upProgramme,weexpectinflationarypressuretoease,ledbyDBSurvey..........................................2freshfoodprices,givingtheBoKroomtocontemplatethetimingofitsratecutsChina..................................................4amidsustainedweakdomesticdemand.India...................................................7SouthKoreaandTaiwan..................11Despiteitsdovishcomments,suggestingst...
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