Bloomberg Daybreak: Asia Edition
APAC Market Outlook, Israel Debt Rating
Feb 12, 2024
Katrina Ell, Senior Economist at Moody's Analytics, discusses Asia economic data. Garfield Reynolds, Bloomberg Chief Correspondent for Rates, talks about his view on APAC markets. Michael Heath, Bloomberg Eco-gov editor, covers Israel's debt rating and the latest on the war.
24:36
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Quick takeaways
- Inflation in developed countries is on a downtrend, shifting focus from rate hikes to anticipated rate cuts, with the timeline for rate cuts expected to begin in May in the US.
- China faces the risk of deflation, highlighting the need for meaningful stimulus to stabilize domestic demand, especially in sectors like the property market, and addressing structural imbalances.
Deep dives
Inflation and Central Banks
The podcast discusses the current state of inflation and whether global central banks have successfully controlled it. The speaker highlights that inflation in most developed countries is on a downtrend and the focus has shifted from rate hikes to anticipated rate cuts. The timeline for rate cuts is expected to begin in May, starting with the US. In Australia, inflation is also decreasing, but rate cuts are not expected until September due to the inflation rate not being at the desired level. Overall, the speaker suggests that central banks are confident in their ability to handle inflation.
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