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FX.co ★ New Zealand Inflation Data Due On Wednesday

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typeContent_19130:::2024-07-16T23:03:00

New Zealand Inflation Data Due On Wednesday

New Zealand is set to release its Q2 consumer price index on Wednesday, providing insight into the economic activity in the Asia-Pacific region. Inflation is anticipated to increase by 0.5 percent quarter-over-quarter and 3.5 percent year-over-year, a slight decrease from the previous quarter's 0.6 percent quarter-over-quarter and 4.0 percent year-over-year.

Singapore will publish June data for non-oil domestic exports (NODX). In May, NODX recorded a 0.1 percent decline month-over-month and year-over-year, resulting in a trade surplus of SGD4.563 billion.

Indonesia’s central bank will conclude its monetary policy meeting and is expected to announce that it will maintain its current interest rates. The benchmark lending rate is expected to remain at 6.25 percent, the deposit facility rate at 5.50 percent, and the lending facility rate at 7.00 percent.

In Australia, the Melbourne Institute will release the June figures for the economic leading index. For May, the index showed no significant change, reflecting a slight negative bias.

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