News Column

Korea Rate Decision On Tap For Thursday

August 13, 2014



JAKARTA (Alliance News) - The Bank of Korea will on Thursday conclude its monetary policy meeting and then announce its decision on its benchmark interest rate, highlighting a busy day for Asia-Pacific economic activity.

The BoK is expected to trim its benchmark by 25 basis points, from 2.50% to 2.25%.

The central bank in Indonesia also will wrap up its monetary policy meeting and announce its benchmark decision; the central bank is expected to keep rates on hold at 7.50%.

Japan will see June figures for core machine orders, with forecasts suggesting an increase of 15.3% on month and 3.0% on year. That follows the 19.5% monthly plunge and the 14.3% annual decline in May.

New Zealand will release Q2 numbers for retail sales, and also see July results for non-resident bond holdings and the Business NZ Performance of Manufacturing Index.

Retail sales ex inflation are expected to rise 1.0% on quarter after gaining 0.7% in the previous three months. Bond holdings surged 64.2% on year in June, when the manufacturing index also saw a score of 53.3.



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Source: Alliance News


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