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asiandevelopmentbank sept25 22sep21 The Asian Development Bank raised its economic growth projections for the next year but signaled divergence in the recovery paths among regional economies. In its latest Asian Development Outlook 2021 Update, released Wednesday, the ADB said developing Asia will expand 5.4 percent next year, instead of 5.3 percent estimated previously. Meanwhile, the outlook for 2021 was downgraded to 7.1 perce

boj 031617 22sep21 The Bank of Japan kept its monetary policy stimulus unchanged on Wednesday, ahead of next week's presidential election of the ruling Liberal Democratic Party to select a successor to the outgoing Prime Minister Yoshihide Suga. The board, governed by Haruhiko Kuroda, on Wednesday, voted 8-1, to hold the interest rate at -0.1 percent on current accounts that financial institutions maintain at the c

chinaflag july24 22sep21 China maintained its benchmark loan prime rates for the 17 consecutive month, as widely expected. The one-year loan prime rate was kept unchanged at 3.85 percent and the five-year LPR at 4.65 percent. The one-year and five-year loan prime rates were last lowered in April 2020. The one-year loan prime rate was cut by 20 basis points and five-year rate by 10 basis points in April 2020.

The Bank of Japan 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 bank is widely expected to keep its benchmark lending rate steady at -0.1 percent, although other forms of stimulus...

oecd nov21 21sep21 The Organisation for Economic Cooperation and Development raised the growth projection for next year, while lowering the same for this year, and expressed concern over the increasingly uneven nature of the economic recovery from the slump caused by the pandemic as well as rising inflationary pressures.

Indonesia's central bank left its key rates unchanged on Tuesday, as widely expected, in order to maintain the exchange rate stability and underpin economic growth. The board of governors of Bank Indonesia decided to hold the the BI 7-Day reverse repo rate at 3.50 percent. The previous change in the...

The policy board of the Reserve Bank of Australia said the outbreak of the Delta variant has delayed the recovery and added to the uncertainty about the future. According to the minutes of the meeting held in September, GDP was expected to decline materially in the September quarter and the unemployment...

New Zealand credit card spending dropped for the first time in six months in August, the Reserve Bank of New Zealand said on Tuesday. Credit card spending decreased 14.3 percent monthly in August, after a 0.2 percent growth in July. Spending declined for the first time in six months. On a yearly...

The Reserve Bank of Australia will on Tuesday release the minutes from its monetary policy meeting on September 7, highlighting a light day for Asia-Pacific economic activity. At the meeting, the RBA kept its key interest rate unchanged at a record low 0.10 percent and confirmed to taper its bond...

The Hong Kong economy grew as initially estimated in the second quarter, the Census and Statistics Department said Monday. Gross domestic product increased 7.6 percent in real terms in the second quarter over a year earlier, compared with the 8.0 percent expansion in the first quarter. The rate came...

Hong Kong's consumer price inflation eased in August, data from the Census and Statistics Department showed on Monday. The composite consumer price index rose 1.6 percent year-on-year in August, after a 3.7 percent increase in July. Excluding the effects of all government one-off relief measures,...

New Zealand's service sector deteriorated in August, survey figures from Business NZ showed on Monday. The performance of services index, or PSI, dropped to 35.6 in August from 55.9 in July. However, any reading below 50 indicates contraction in the sector. This was the second lowest level since...

New Zealand will on Monday see August results for the Performance of Services Index from BusinessNZ, headlining a light day for Asia-Pacific economic activity. In July, the index score was 57.9. Hong Kong will release August figures for consumer prices; in July, inflation was up 3.7 percent on year. Finally,...

The manufacturing sector in New Zealand fell deeply back into contraction in August, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 40.1. That's down sharply from 62.2 in July, and it moves well beneath the boom-or-bust line of 50 that separates expansion from...

Singapore will on Friday release August figures for non-oil domestic exports, highlighting a light day for Asia-Pacific economic activity. Non-oil domestic exports are tipped to rise 2.4 percent on month and 8.3 percent on year after slipping 0.9 percent on month and jumping 12.7 percent on year in...

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