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Sri Lanka's central bank raised its key interest rates by a full percentage point on Thursday after inflation exceeded 50 percent amid the economy facing severe foreign exchange shortages to pay import bills. The Monetary Board of the Central Bank of Sri Lanka hiked its standing lending facility rate...

Philippine industrial production growth improved in May, after easing sharply in the previous month, preliminary data from the Philippine Statistical Authority showed on Thursday. The value of production in the manufacturing industries climbed 8.9 percent year-over-year in May, following a revised...

Japan's leading index declined in May after improving in the previous two months, preliminary data from the Cabinet Office showed on Thursday. The leading index, which measures future economic activity, dropped to 101.4 in May from April's 4-month high of 102.9. The coincident index that measures...

Australia posted a merchandise trade surplus of A$15.965 billion in May, the Australian Bureau of Statistics said on Thursday. That beat forecasts for a surplus of A$10.725 billion and was up from the upwardly revised A$13.248 billion surplus in April (originally A$10.495 billion). Exports rose...

bankofkorea july18 26may22 South Korea had a current account surplus of $3.86 billion in May, the Bank of Korea said on Thursday - following the $0.08 billion shortfall in April. The goods account surplus decreased to $2.74 billion, compared to $6.65 billion in May 2021. The services account recorded a $0.02 billion deficit,...

South Korea posted a current account surplus of $3.86 billion in May, the Bank of Korea said on Thursday - following the $0.08 billion shortfall in April. The goods account surplus decreased to $2.74 billion, compared to $6.65 billion in May 2021. The services account recorded a $0.02 billion deficit,...

Australia will on Thursday release May figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. The trade balance is expected to show a surplus of A$10.725 billion, up from A$10.495 billion in April - when imports dipped 0.7 percent on month and exports...

Taiwan's consumer price inflation accelerated at a faster-than-expected pace in June to reach its highest level in nearly fourteen years, largely driven by increased costs for fruits and electricity, data released by the Directorate General of Budget, Accounting & Statistics showed on Wednesday. Consumer...

bankofnegaramalaysia nov08 06jul22 Malaysia's central bank raised its key interest rate by a quarter-point for the second straight meeting on Wednesday and signaled a gradual tightening going forward. The Monetary Policy Committee of Bank Negara Malaysia decided to increase the benchmark Overnight Policy Rate by 25 basis points to 2.25 percent.

The private sector in Hong Kong continued to expand in June, albeit at a slower pace, the latest survey from S&P Global showed on Wednesday with a PMI score of 52.4. That's down from 54.9 in May, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. The...

Taiwan will on Wednesday release June figures for consumer and wholesale prices, highlighting a light day for Asia-Pacific economic activity. In May, overall inflation was up 0.32 percent on month and 3.39 percent on year, while wholesale prices surged an annual 16.62 percent. Hong Kong will see...

The Philippines' inflation increased for the fourth month in a row to the highest level since October 2018, data from the Philippine Statistics Authority showed on Tuesday. The consumer price index grew 6.1 percent annually in June, following a 5.4 percent rise in May. Economists had expected a 5.9...

australiacentralbank july02 05jul22 Australia's central bank hiked its key interest rate by another half percentage points, as widely expected, as policymakers viewed that the withdrawal of the extraordinary support is now needed to contain inflation amid strong labor market conditions. The policy board of the Reserve Bank of Australia, headed by Governor Philip Lowe, decided to lift the cash rate target to 1.35 percent.

Singapore's retail sales rose at a faster pace in May, largely driven by strong sales growth in industries such as wearing apparel and footwear, watches and jewelry, and department stores, data from the Department of Statistics showed on Tuesday. Retail sales climbed 17.8 percent year-on-year in June,...

India's service sector growth accelerated unexpectedly in June to remain at its highest level in more than eleven years, as output and new orders grew at an accelerated rate amid improving demand conditions, survey results from S& P Global showed on Tuesday. The services Purchasing Managers' Index...

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