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Week Ahead Data: China Loan Prime Rate Headlines Docket

ASIA

The week ahead see's China's 1- and 5-Year Loan Prime Rates cross tomorrow, later in the week Singapore May CPI is due.

  • China - Tomorrow's China's 1- and 5-Year Loan Prime Rates headline an otherwise thin docket this week, a 10bp cut in both tenors is expected. The only other data due is May's Swift Global Payments which crosses on Thursday.
  • South Korea - On Wednesday May PPI and the first 20 days of Junes Terms of Trade cross. There is no estimate for either print.
  • Taiwan - The only data due this week is May Export Orders on Tuesday. A 21.4% Y/Y fall is forecast, the prior read was -18.1%.
  • Singapore - Friday's May CPI print headlines the week, and is the only data due. Headline CPI is expected to rise 5.4% Y/Y ticking lower from the prior read of 5.7% and Core CPI is due to rise 4.8% from 5.0%.
  • Indonesia - Bank Indonesia's latest monetary policy decision is due this week, the bank is forecast to leave rates on hold at 5.75%.
  • Thailand - Weekly Foreign Reserves data on Friday is the only data due, there is no estimate.
  • Philippines - BSP's latest monetary policy decision is due this week, the bank is forecast to leave rates on hold.
  • Malaysia - On the wires tomorrow we have May Trade Balance, a surplus of MYR13.40bn is expected. On Thursday June 1 Foreign Reserves cross, there is no estimate and the prior read was $112.7bn. Friday's May CPI print headlines the week, CPI is expected to tick lower to 3.0% Y/Y from 3.3%.
  • India - Q1 BoP Current account balance is due sometime between today and 30 June, a surplus of $3.00bn is expected.

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