Japan Rate Decision On Tap For Thursday

By | September 20, 2017

The Bank of Japan will finish up its monetary policy conference on Thursday and then announce its decision on rates of interest, highlighting a busy day for Asia-Pacific economic activity.

The reserve bank is widely expected to keep its benchmark loaning rate the same at -0.1 percent.

Japan also will see July results for its all industry activity index, with projection recommending a decline of 0.1 percent on month following the 0.4 percent gain in June.

New Zealand will release Q2 figures for gross domestic product, with expectations requiring a gain of 0.8 percent on quarter and 2.5 percent on year. That follows the 0.5 percent quarterly gain and the 2.5 percent yearly increase in the 3 months prior.

New Zealand likewise will see August numbers for credit card spending; in July, costs was up 0.9 percent on month and 7.2 percent on year.

Hong Kong will provide Q2 data for bank account and August figures for consumer prices. In the very first quarter, the bank account surplus was HKD16.67 billion. Inflation in July was up 2.0 percent on year.

The reserve bank in the Philippines will conclude its monetary policy meeting and then announce its decision on interest rates. The central bank is widely expected to keep its benchmark lending rate the same at 3.00 percent.

Finally, the markets in Malaysia and Indonesia are closed on Thursday for the Islamic New Year, and will re-open on Friday.

The material has actually been offered by InstaForex Business – www.instaforex.com

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