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  • 23-Jan-13 – Revised AXJ FX forecasts, weightings - Updated Tue January 22, 2013

    Top 3 data/events • Philippines – We expect no changes to the policy rate • South Korea – We envisage a mild recovery in Q4 GDP growth • South Africa – SARB MPC seen on hold, CPI to be closely watched • Market focus • We lower modestly our US...

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Global Focus - The world in transition

The world economy is in transition. Global growth rates are picking up, but transition means elevated risks and volatility. In terms of global implications, all eyes will be on the US and China, with the US normalising monetary policy and China rebalancing its economy.