This week, the focus is on the monetary policy decisions of central banks in various regions and the inflation data in important economies. In Singapore, the Monetary Authority of Singapore is expected to release its Monetary Policy Statement (MPS) on Oct 14, along with the Ministry of Trade and Industry’s advance third-quarter GDP data. Economists predict a slight reduction in the Singapore Dollar Nominal Effective Exchange Rate slope, with expectations of a 3.1% year-on-year GDP growth for the third quarter.
In the Asia-Pacific region, the Reserve Bank of New Zealand, Reserve Bank of India, and Bank of Korea will announce their monetary policy decisions, with expectations of rate cuts for RBNZ and BoK. The Reserve Bank of Australia will release the minutes of its September policy meeting, while Vietnam will be the first economy to release its third-quarter GDP data, with projections of 6% year-on-year growth.
China will release domestic tourism data following its National Day holidays, giving insights into the impact of recent stimulus measures by the central bank. Other economies like Thailand, Taiwan, and China will also release their CPI data. In Japan, key data on industrial production, nominal wages, and household spending will be released, along with plans for a new economic package to address high prices and support growth.
In the US, data on consumer credit, trade balance, CPI, jobless claims, and producer prices will be closely monitored. Locally, Bursa Malaysia-listed companies will hold their annual general meetings, while court reviews of high-profile cases involving Chief Inspector Azilah Hadri and four men convicted of murder will take place. Former Prime Minister Datuk Seri Najib Razak will testify in a civil suit for misusing a RM4 billion loan.
Overall, the week ahead will be filled with significant economic and financial developments across various regions, providing insights into monetary policy decisions, inflation trends, and key economic indicators. Stay informed to make well-informed decisions in a dynamic global economic landscape.