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FX.co ★ South Korea Interest Rate Decision Due On Thursday

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typeContent_19130:::2024-07-10T23:03:00

South Korea Interest Rate Decision Due On Thursday

The Bank of Korea is set to conclude its monetary policy meeting, after which it will announce its decision regarding interest rates. It is widely anticipated that the central bank will maintain its benchmark lending rate at 3.50 percent.

In Japan, May's core machine orders statistics will be released. Projections indicate a 0.9 percent increase on a monthly basis and a 7.2 percent rise on an annual basis, following a 2.9 percent monthly decline and a 0.7 percent annual increase previously recorded.

China is expected to report June data for the money stock. The M2 money supply is forecasted to grow by 6.9 percent year-on-year, slightly down from the 7.0 percent increase observed in the previous month.

Additionally, Malaysia's central bank will conclude its own monetary policy meeting and announce its decision on interest rates. The expectation here is that the central bank will keep its benchmark lending rate unchanged at 3.00 percent.

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