Central bank decisions will dominate the week ahead in Asia, with policy announcements from the Bank of Korea, Bank Indonesia and People’s Bank of China.
Central bank decisions will dominate the week ahead in Asia ,with policy announcements from the Bank of Korea, Bank Indonesia and People’s Bank of China. China: Quiet after the data storm It is a quiet week ahead for China after it recently concluded its major monthly data releases. There will be an announcement on the loan prime rates on Tuesday. No change is expected after the MLF and 7-day reverse repo rates were left unchanged so far in August.
Japan: Flash PMIs and inflation to rise The flash PMIs should improve due to a positive outlook for service activitydespite the recent volatility in the JPY and the sharp drop in equity markets. Rising semiconductor and auto exports and core machine ordersdata also hint at arise in manufacturers'sentiment. Meanwhile, inflation is expected to reaccelerate in July, which was already suggested by Tokyo’s earlier inflation data.
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