We are still about four weeks away from the start of the Singapore earnings season. Until then, there’s quite a bit of economic stuff to get through first.
The European Union will provide inflation data for August. The year-on-year inflation rate is expected to remain relatively flat at 2%. Core inflation is also forecast to be unchanged at 1%.
Malaysia has inflation numbers too. Consumer price in August could have increased at a faster rate than in July. Economists are expecting the inflation rate to have risen from 0.9% to 1.5%.
The rate of inflation in the UK could have risen to 2.1% in August. Inflation in the UK is still relatively low. Last month it was 1.9%, which was the lowest since March 2017.
Another country with inflation numbers is Japan. This could inch up from 0.9% in July to 1% in August. Consumer prices in Japan rose at its fastest rate last month. This was due to a jump in food prices.
Staying in Japan, the Bank of Japan will announce its latest interest-rate decision. This is expected to be unchanged at -0.1%. At its July meeting, the central bank said it will keep rates extremely low for an extended period. It also reinforced its commitment to continue with monetary easing.
Another central bank, the Bank of Thailand, is not expected to change interest rates this month,either. In August, it voted by six votes to one to keep the policy rate at 1.5%. It said that its policy stance continued to support growth, while inflation remained within its 1% to 4% target.
And finally, Singapore’s balance of trade could have increased to S$3.5 billion in August.
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