India’s Finance Ministry says its economy could grow around 7% annually in coming years, with the country’s stock exchange rising 1.6% yesterday.
In our bonus deep-dive interview, we hear from ANZ Economist Bansi Madhavani about why regular exports from Asia are expected to be slower than electronics exports.
5 things to know
India can maintain a 7% annual growth rate in coming years, the country’s Finance Ministry has said in a report overnight ahead of the Government’s Budget.
New Zealand markets are on the lookout for the RBNZ to pivot its monetary policy stance in a speech by Chief Economist Paul Conway this morning. ANZ economist David Croy isn’t so sure a pivot is coming.
Australia’s inflation rate in the December 2023 quarter is expected to drop to 4.3% from 5.4% in September, says ANZ Australia Senior Economist Catherine Birch - a fall which will reassure the RBA.
All eyes will be on the non-tradable number in the inflation release tomorrow, Catherine says.
The Monetary Authority of Singapore held its monetary policy settings unchanged yesterday, but ANZ’s Head of Asia Research Khoon Goh says the accompanying statement was more hawkish than expected.
Cheers
Bernard
PS: Catch you tomorrow with a deep-dive preview of India’s Budget due out on Thursday night.
