RTTNews - The South Korean central bank is on Thursday scheduled to announce its monthly decision on interest rates, headlining a light day for Asian economic news. Analysts are expecting the bank to keep rates on hold at a record low of 2 percent. The rate has been unchanged since a 50 basis-point cut on March 12, which marked the sixth reduction in four months.
The Philippine central bank also is due to post its interest rate decision, with analysts predicting a 25-point basis-point cut from 4.25 percent to 4 percent.
Malaysia will announce industrial production data for May, with forecasts calling for a decline of 11 percent on year after the 11.4 percent annual decline in April.
Thailand will provide consumer confidence index numbers for June, with analysts predicting a score of 63.6 - down from 64.3.
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