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Week Ahead Data - China Loan Prime Rate, BOK In Focus

ASIA

The week ahead sees China 1- and 5-Year LPR cross today, the calendar is light for the remainder of the week.

  • China - China's 1- and 5-Year Loan Prime Rates cross today, there is no change expected with the 1-Year holding at 3.65% and 5-Year holding at 4.30%. On Friday April Industrial Profits present as the only further data scheduled.
  • South Korea - On the wires tomorrow we have May Consumer Confidence and Q1 Household Credit before the June Business Survey on Tuesday. The highlight of the week is the BOK monetary policy decision, the bank is expected to hold rates steady at 3.50%, Apr PPI also crosses on Wednesday.
  • Taiwan - Today April Unemployment is expected to cross at 3.60%, we also have April Export Orders Scheduled. Further out on Tuesday Industrial Production of apr is due (exp -12.97%). We also have April Money Supply, and the final read of Q1 GDP later in the week.
  • Singapore - Tomorrow April CPI provides the week's highlight, a Y/Y read of 5.5% is expected for the headline number with the core expected to rise 4.7%. The final print of Q1 GDP crosses later in the week as does April Industrial Production.
  • Indonesia - On the wires on Tuesday Q1 Current Account Balance is due. On Wednesday we have the Bank Indonesia's monetary policy decision, the bank is expected to leave policy unchanged at 5.75%.
  • Thailand - Weekly Foreign Reserves is the only data of note this week.
  • Malaysia - May 15 Foreign Reserves crosses today. On Thursday April CPI crosses with a print of 3.3% expected.

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