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August Macro Economy Review

[August - 20 - 2019] New Zealand’s central bank stunned markets on Wednesday by cutting official cash rate a steep 50 basis points to to a record trough of 1%.

[August - 20 - 2019] Philippines’ central bank has cut rates for the second time this year, joining a growing wave of monetary easing across Asia in a bid to boost its economy after growth slowed. Bangko Sentral ng Pilipinas, the country’s central bank, trimmed its benchmark rate by 25 basis points to 4.25%, joining central banks in India and New Zealand, which all cut rates on Wednesday.

[August - 31- 2019]Singapore's banking regulator said on Friday (Aug 30) it would shift away from using Singapore dollar swap offer rates (SOR) as a key lending benchmark.

The change will see products such as loans that reference the rate switched to other benchmarks such as Singapore Overnight Rate Average (SORA) or Singapore Interbank Offered Rates (SIBOR)

[September - 4 - 2019]South Korea's year-on-year inflation hit all-time low in August.The consumer price index was unchanged last month from a year earlier, Statistics Korea data showed yesterday, the lowest since the country began releasing inflation data in 1965.


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