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The Indian economy is relatively better placed to strengthen the recovery that is underway, despite many headwinds, the Reserve Bank of India said in its annual report, released on Friday. The central bank observed that the momentum is expected to broadly continue in 2022-23, though with risks to...

China's industrial profits declined in April as lockdowns disrupted production and higher raw material prices squeezed margins, data from the National Bureau of Statistics showed on Friday. In April, industrial profits decreased 8.5 percent from the previous year. This was the biggest fall since...

Overall consumer prices in the Tokyo region of Japan were up 2.4 percent on year in May, the Ministry of Internal Affairs and Communications said on Friday. That missed expectations for 2.6 percent and was down from 2.5 percent in April. Core CPI, which excludes the volatile costs of food, was...

Australia will on Friday release April numbers for retail sales, highlighting a modest day for Asia-Pacific economic activity. Sales are expected to rise 0.9 percent on month, slowing from 1.6 percent in March. Japan will provide May figures for Tokyo inflation; in April, overall inflation was up...

Hong Kong's merchandise exports and imports recovered in April, data from the Census and Statistics Department showed on Thursday. Exports grew 1.1 percent year-on-year in April, after an 8.9 percent decrease in March. Similarly, imports gained 2.1 percent annually in April, after a 6.0 percent...

Singapore's industrial production increased at a faster pace in April, data from the Economic Development Board showed on Thursday. Industrial output rose 6.2 percent year-on-year in April, after a 5.1 percent growth in March. Economists had forecast a growth of 5.1 percent. Excluding biomedical...

bankofkorea july18 26may22 The Bank of Korea lifted its key interest rate by a quarter point for the second straight meeting to tackle high inflation. At the first rate setting meeting of Governor Rhee Chang-yong, the Monetary Policy Board decided to lift the Base Rate by 25 basis points to 1.75 percent from 1.50 percent.

The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The central bank is expected to hike its benchmark lending rate by 25 basis points, from 1.50 percent to 1.75 percent. Australia...

Japan's leading index increased less than initially estimated, final data from the Cabinet Office showed on Wednesday. The leading index, which measures the future economic activity, rose to 100.8 in March from 100.1 in February. In the initial estimate, the reading was 101.0. The coincident index...

Malaysia's consumer price inflation increased marginally in April, data from the Department of Statistics showed on Wednesday. Consumer prices rose 2.3 percent yearly in April, following a 2.2 percent increase in March. This was in line with economists' expectations. Prices for food and non-alcoholic...

newzealandcentralbank sept25 25may22 New Zealand's central bank raised its key interest rate by 50 basis points on Wednesday to curb the risk of inflation becoming persistent. The Monetary Policy Committee of the Reserve Bank of New Zealand decided to lift the Official Cash Rate to 2.0 percent from 1.50 percent.

The value of construction work done in Australia was down a seasonally adjusted 0.9 percent on quarter in the first quarter of 2022, the Australian Bureau of Statistics said on Wednesday - coming in at A$55.663billion. That missed expectations for an increase of 1.0 percent following the 0.4 percent...

Singapore's gross domestic product was up an annualized 3.7 percent in the first quarter of 2022, the Ministry of Trade and Industry said on Wednesday. That matched expectations and was down from 6.1 percent in the previous three months. On a seasonally adjusted quarterly basis, GDP was up 0.7...

The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBNZ is widely expected to boost its Official Cash Rate by 50 basis points, from 1.50 percent to...

Business conditions in South Korea deteriorated slightly in May, the Bank of Korea said on Wednesday with a Business Survey Index score of 86 - down from 87 in April. The outlook also fell one point, from 88 to 87. In the non-manufacturing sector, the BSI on business conditions for May was 86, up...

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