JAKARTA (dpa-AFX) - The Bank of Korea will on Thursday conclude its monetary policy meeting and then announce its decision on its benchmark interest rate, highlighting a busy day for Asia-Pacific economic activity.
The BoK is expected to trim its benchmark by 25 basis points, from 2.50 percent to 2.25 percent.
The central bank in Indonesia also will wrap up its monetary policy meeting and announce its benchmark decision; the central bank is expected to keep rates on hold at 7.50 percent.
Japan will see June figures for core machine orders, with forecasts suggesting an increase of 15.3 percent on month and 3.0 percent on year. That follows the 19.5 percent monthly plunge and the 14.3 percent annual decline in May.
New Zealand will release Q2 numbers for retail sales, and also see July results for non-resident bond holdings and the Business NZ Performance of Manufacturing Index.
Retail sales ex inflation are expected to rise 1.0 percent on quarter after gaining 0.7 percent in the previous three months. Bond holdings surged 64.2 percent on year in June, when the manufacturing index also saw a score of 53.3.
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