Deposits
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Rising inflation risks support further rate hikes by the Fed and BOJ. Thailand prepares additional stimulus as consumption may lose momentum.
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Fed cuts rates as expected, while BOJ holds rates and signals the end of ultra-loose monetary policy. China’s economy shows signs of faltering.
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Impact of Trump’s tariff policy becomes more evident on major global economies.
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U.S.–Iran tensions ease; Japan’s LDP wins a landslide; Thailand election surprise improves prospects for government stability
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Major central banks are expected to hold rates this week. Moody’s has upgraded Thailand’s rating outlook to Stable.
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Progress towards U.S.–Iran deal eases market concerns. In Thailand, stability is improving, but long-term growth remains constrained.
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Global economy feels growing impact of tariff hikes as central banks turn more cautious on monetary policy
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Rising tensions in the Middle East increases risks to global economy and energy prices; China’s consumption improves but still lacks growth momentum
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Trade policy risks resurface after Trump unveils tariffs of 20–50%. Excess supply continues to pressure China’s economy.
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Impacts of U.S. tariff hikes on economies worldwide expected to become more evident in 2H25. China faces internal and external pressures.
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