CANBERA (dpa-AFX) - The Bank of Korea will on Thursday conclude its monetary policy meeting and then announce its decision on interest rates, setting the pace for a busy day in Asia-Pacific economic news.
The central bank is widely expected to keep rates on hold at 2.50 percent.
Australia will release unemployment data for January and also see February expectations for inflation. The unemployment rate is expected to rise to 5.9 percent from 5.8 percent, with the addition of 15,000 jobs following the loss of 22,600 jobs in the previous month. The inflation forecast in January was 2.3 percent.
Japan will provide January numbers for domestic corporate goods prices and Tokyo condominium sales. The CGPI is expected to add 0.1 percent on month and 2.4 percent on year after rising 0.3 percent on month and 2.5 percent on year in December. Condo sales were up an annual 6.1 percent in December.
The central bank in Indonesia also will wrap up its discussion on monetary policy; the bank is expected to keep rates on hold at 7.50 percent.
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