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Philippines Rate Decision On Tap For Thursday

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Philippines Rate Decision On Tap For Thursday

The central bank of the Philippines will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The central bank is widely expected to keep its benchmark lending rate unchanged at 2.25 percent.

Taiwan will release July numbers for export orders and Q2 figures for current account. Export orders are expected to rise 3.7 percent on year, slowing from 6.5 percent in June. The current account surplus in Q1 was $18.16 billion.

Hong Kong will see July figures for consumer prices; in June, inflation was up 0.7 percent on year.

Finally, the markets in Malaysia and Indonesia are closed on Thursday for the Islamic New Year and will re-open on Friday.

The material has been provided by InstaForex Company – www.instaforex.com