New Zealand is set to unveil its third-quarter consumer price index on Wednesday, marking a relatively quiet day for economic activity in the Asia-Pacific region. Economists anticipate a quarterly inflation increase of 0.7%, with an annual rise of 2.2%. This follows a previous quarter where inflation rose by 0.4% and recorded a year-on-year increase of 3.3%.
In Australia, the Melbourne Institute will release its September reading for the leading economic index. In August, this index exhibited marginal stagnation with a slight negative tilt.
Meanwhile, South Korea is expected to deliver its September statistics for unemployment, imports, exports, and trade balance. For context, in August, the unemployment rate stood at 2.4%. Imports saw a 2.2% increase compared to the previous year, while exports achieved an annual growth of 7.5%, resulting in a trade surplus of $6.66 billion.
Thailand's central bank is anticipated to conclude its monetary policy meeting and declare its decision regarding interest rates. Analysts expect the bank to maintain its benchmark lending rate at 2.50%.
Similarly, Indonesia's central bank is set to finalize its monetary policy discussions and announce its interest rate decision. Market expectations suggest a reduction in the benchmark lending rate by 25 basis points, lowering it to 5.75% from the current 6.00%.
