RTTNews - The Philippines is scheduled to release July numbers for its consumer price index on Wednesday, setting the pace for a modest day of Asian economic news. Analysts are looking for an increase of 0.5 percent on year after the 1.5 percent annual expansion in June. On a monthly basis, CPI is called higher by 0.4 percent after the 0.6 percent gain in the previous month.
Malaysia will provide June figures for imports, exports and trade balance. Imports are expected to fall 25.6 percent on year after the 27.8 percent annual contraction in May. Exports are seen lower by 25.3 percent on year after the 29.7 percent decline in the previous month. The trade balance is expected to show a surplus of 9.6 billion ringgit, down from 10.02 billion ringgit a month earlier.
Taiwan will announce July data for inflation, wholesale prices and foreign reserves. Inflation is called lower by 2.24 percent on year after the 1.97 percent annual contraction in June. Wholesale prices are predicted to fall 14 percent on year after the 13.62 percent annual decline a month earlier. Foreign reserves are expected to come in at $322.7 billion - up from $317.56 billion in the previous month.
The Indonesian central bank will hold its monetary policy meeting and then announce its decision on interest rates. Analysts are widely predicting that the bank will trim rates by 25 basis points, from 6.75 percent to 6.50 percent.
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