The Reserve Bank of New Zealand is set to conclude its monetary policy meeting and subsequently announce its decision regarding interest rates, reflecting a relatively quiet day for economic developments in the Asia-Pacific region. It is anticipated that the RBNZ will reduce its Official Cash Rate by 50 basis points, lowering it from 4.75 percent to 4.25 percent.
In Australia, third-quarter figures for construction work completed are expected, with predictions indicating a quarterly increase of 0.4 percent, an improvement over the 0.1 percent growth observed in the preceding three months.
China will be releasing data for October concerning industrial profits, following a year-on-year decline of 3.5 percent recorded in September. Meanwhile, Thailand is set to disclose its industrial production statistics for October, after experiencing a year-on-year decrease of 3.51 percent in output during September.
