Asia week ahead: Indonesia rate call, data on China, Taiwan, Japan
Indonesia: BI expected to hold rates at 5.75% We expect Bank Indonesia to hold the benchmark rate at 5.75% on Wednesday. BI’s unexpected July hold showed that policymakers are increasingly balancing rupiah stability against the need to support growth. While exchange-rate stability remains the main priority, BI appears more willing to use non-rate tools, including ...
The week ahead in Asia will focus on key economic data from across the region. On Wednesday, Indonesia's central bank, Bank Indonesia (BI), is expected to maintain its benchmark interest rate at 5.75%. The decision comes after an unexpected hold in July, indicating policymakers' attempts to balance rupiah stability with support for economic growth. The ongoing leadership transition, led by Acting Governor Destry Damayanti, may also play a role in the meeting's outcome.
Meanwhile, China will release its key domestic activity data for July on Monday. After weak Purchasing Managers' Index (PMI) readings earlier this month, growth momentum is expected to remain sluggish. While retail sales are likely to remain weak at 1.7% year-on-year, fixed asset investment is anticipated to slow further to -6.3% year-on-year. Industrial production is expected to moderate to 5.0% year-on-year.
On Thursday, Taiwan will release its export orders data, with expectations of a further acceleration to 67.5% year-on-year. The strong demand from tech subsectors will continue to drive overall export orders. In Japan, market consensus suggests that the preliminary Q2 GDP for July will remain unchanged at 0.5% quarter-on-quarter. Private consumption is expected to remain the main driver of growth.
In August, India will release its import and export data on Monday, while Singapore will publish its non-oil domestic exports for July on August 17.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
