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newzealandcentralbank sept25 22nov22 New Zealand's central bank hiked its benchmark rate by a record 75 basis points and signaled more tightening despite looming recession. The Monetary Policy Committee of the Reserve Bank of New Zealand decided to raise the Official Cash Rate to 4.25 percent from 3.50 percent. The bank has tightened its monetary policy by 400 basis points over the last nine consecutive meetings.

oecd nov21 22nov22 The global economy faces significant challenges as severe energy crisis pushed up inflation and lowered economic growth all around the globe, necessitating policy actions to combat inflation and targeted fiscal support to vulnerable section, the Organisation for Economic Co-operation and Development said in its Economic Outlook released Tuesday.

Taiwan's unemployment rate fell further in October to the lowest in six months, the Directorate General of Budget Accounting & Statistics showed on Tuesday. The jobless rate declined marginally to an unadjusted 3.64 percent in October from 3.66 percent in September. This was the lowest unemployment...

Japan's measure of underlying inflation accelerated in October, data released by the Bank of Japan's Research and Statistics Department showed on Tuesday. The core consumer price index, which is obtained by removing transitory disturbances from the actual movements observed in the CPI, rose 2.7 percent...

South Korea's consumer confidence weakened for the second successive month in November, survey results from the Bank of Korea showed on Tuesday. The consumer confidence index fell to 86.5 in November from 88.8 in the previous month. Among sub-indicators, the index measuring current living standards...

New Zealand's trade deficit widened in October from the last year as growth in imports exceeded the exports growth, Stats NZ said Tuesday. The trade deficit widened to NZ$2.13 billion in October from NZ$1.28 billion in the same period previous year. The shortfall was NZ$1.69 billion in September 2022....

Taiwan's current account surplus decreased in the third quarter, data from the Central Bank of the Republic of China (Taiwan) showed on Monday. The current account surplus fell to $20.71 billion in the September quarter from $26.86 billion in the corresponding period last year. The goods trade...

Hong Kong's consumer price inflation eased more-than-expected in October, after accelerating sharply in the previous month, data released by the Census and Statistics Department showed on Monday. Consumer prices climbed 1.8 percent year-over-year in October, slower than the 4.4 percent increase in...

Taiwan's export orders declined at a faster-than-expected rate in October, data from the Ministry of Economic Affairs showed on Monday. Export orders fell 6.3 percent year-on-year in October. Economists had expected a decline of 1.0 percent. Bookings for optical, photographic, cinematographic apparatus...

New Zealand's credit card spending increased at a faster rate in October, data from the Reserve Bank of New Zealand revealed on Monday. Total credit card spending climbed a seasonally adjusted 1.0 percent monthly in October, after a 0.6 percent growth in September. Spending has been rising since March. Domestic...

centarlbkchina june25 21nov22 China kept its main lending rates unchanged for the third straight month as the weakening yen impede the ability of the central bank to support slower economic growth. The People's Bank of China left its one-year loan prime rate, or LPR, unchanged at 3.65 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was maintained at 4.30 percent.

thailand aug19 20nov22 Thailand's economy expanded at the fastest pace in more than a year in the third quarter on the back of strong private consumption and investment, official data revealed on Monday. Southeast Asia's second largest economy grew 4.5 percent from the last year, following second quarter's 2.5 percent expansion, the Office of the National Economic and Social Development Council reported.

Indonesia's current account surplus continued to increase in the September quarter, on the back of stronger non-oil and gas export performance, data from Bank Indonesia showed on Friday. The current account surplus rose to $4.4 billion in the third quarter from $4.0 billion in the second quarter. The...

Singapore's domestic wholesale trade grew sharply in the three months ended September, data from the Department of Statistics showed Friday. At current prices, domestic wholesale sales climbed 12.4 percent year-over-year in the third quarter, slower than the 20.1 percent surge in the previous quarter. The...

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