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rbi 040617 27mar20 India's central bank reduced its key interest rate unexpectedly and unveiled measures to improve liquidity to combat the economic downturn caused by the spread of coronovirus and preserve financial stability. The Monetary Policy Committee of the Reserve Bank of India voted 4-2 to cut the repo rate by 75 basis points to 4.40 percent, Governor Shaktikanta Das said Friday.

New Zealand consumer confidence weakened in March, survey data from ANZ showed on Friday. The ANZ-Roy Morgan consumer confidence index fell to 106.3 in March from 122.1 in February. The current conditions index dropped to 114.2 and the future conditions index decreased to 101.0. Consumers' perceptions...

India's central bank reduced its key interest rates unexpectedly and unveiled measures to improve liquidity, at an unscheduled meeting, to combat the economic downturn caused by the spread of coronovirus. The repo rate was cut by 75 basis points to 4.40 percent, with immediate effect, Reserve Bank...

Singapore's producer prices declined at a faster rate in February, data from the Department of Statistics showed on Friday. The manufactured producer price index fell 2.1 percent year-on-year in February, following a 1.1 percent decline in January. The oil fell 8.9 percent annually in February,...

China's industrial profits plunged at the start of the year as coronavirus, or covid-19, epidemic weighed heavily on economic activity, data publish by the National Bureau of Statistics showed Friday. Industrial profits declined sharply by 38.3 percent during January to February period from the same...

Overall consumer prices in the Tokyo region of Japan were up 0.4 percent on year in March, the Ministry of Communications and Internal Affairs said on Friday. That exceeded expectations for an increase of 0.3 percent and was unchanged from the February reading. Core CPI, which excludes volatile...

Japan will on Friday release March figures for consumer prices in the Tokyo region, highlighting a modest day for Asia-Pacific economic activity. Overall Tokyo inflation is expected to add 0.3 percent on year, slowing from 0.4 percent in February. Core CPI is called at an annual 0.4 percent, down...

Consumer confidence in South Korea tanked in March, the Bank of Korea said on Friday after its monthly index tumbled 18.5 points to a reading of 78.4. Consumer sentiment regarding current living standards was eight points lower than in February, at 83, and that concerning the future outlook for living...

nirmalasitharaman 032620 India's government unveiled an economic stimulus package worth INR 1.7 trillion as the nation faces complete lockdown to contain the spread of coronavirus, or covid-19. Measures were aimed to help low income households, daily wage earners and small businesses, who are more vulnerable to the 21-day lockdown.

Hong Kong's trade deficit decreased in February, as exports rise and imports fall, data from the Census and Statistics Department showed on Thursday. The trade deficit widened to HK$38.551 billion in February from HK$48.834 billion in the same month last year. In January, the trade deficit was HK$...

South Korea's central bank on Thursday said it will provide unlimited amount of money for three months through repo operations, in order to introduce more funds into the money market. The Bank of Korea will conduct auctions every week to stabilize financial markets. The bank has widened the targeted...

Singapore industrial production fell in February after rising in the previous month, data from the Economic Development Board showed on Thursday. Industrial production decreased 1.1 percent year-on-year in February, after a 3.5 percent increase in January. Economists had forecast a 2.0 percent fall. Excluding...

singaporegdp aug13 25mar20 The Singapore economy logged a sharp contraction at the start of the year as the supply chain disruptions and travel restrictions following the outbreak of coronavirus weighed heavily on construction and services sectors. Citing the weaker-than-expected performance of the city-state economy, the ministry downgraded its economic outlook for 2020.

Producer prices in Japan were up 2.1 percent on year in February, the Bank of Japan said on Thursday. That was shy of expectations for an annual increase of 2.2 percent and down from 2.3 percent in January. On a monthly basis, producer prices were flat after falling 0.3 percent a month earlier. Individually,...

Japan will on Thursday release February figures for producer prices, setting the pace for a light day in Asia-Pacific economic activity. Producer prices are expected to rise 2.2 percent om year, slowing from 2.3 percent in January. China will see final Q4 numbers for current account; the previous...

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