Australia Inflation Data Due On Wednesday

Australia will on Wednesday release February figures for consumer prices, highlighting a light day for Asia-Pacific economic activity. The annual inflation rate is pegged at 7.1 percent, slowing from 7.4 percent in January.

China will see February figures for industrial profits; in January, profits were up 0.8 percent on year.

Thailand will release February numbers for imports, exports and trade balance. Imports are expected to rise 2.1 percent, down from 5.5 percent in January. Exports are called lower by an annual 7.0 percent after slipping 4.5 percent in the previous month. The trade deficit is pegged at $1.90 billion following the $4.65 billion shortfall a month earlier.

The central bank in Thailand also will wrap up its monetary policy meeting and then announce its decision on interest rates. The central bank is expected to hike its benchmark lending rate by 25 basis points, from 1.50 percent to 1.75 percent.

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