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The Week Ahead: Four Central Banks To Announce Rates

The US Federal Reserve is pencilled in for an interest-rate decision. Some members of the rate-setting committee have expressed concerns that the longer-run inflation expectations could be lower their 2% target. The upshot is that the Fed fund rate could be left unchanged at 2.5%.

Japan will report inflation numbers for February. In January, consumer priced inched lower from 0.3% to 0.2%. It was the lowest inflation rate since October 2017. They are expected to creep back up to 0.3% in February, though.

The UK is due to announce its latest interest-rate decision after it posts inflation number for inflation numbers for February. The Bank of England is expected to keep the base rate at 0.75%, as the headline inflation rate is expected to remain unchanged at 1.8%. The retail prices index is also expected to stay at 2.5%.

Meanwhile, Malaysia’s inflation rate for February is expected to be benign. In January, consumer prices fell 0.7%. In February, they could have fallen 0.2%. Singapore’s inflation rate has been anaemic, too. In February, the headline inflation rate was 0.4%. However, the core inflation rate was 1.7%.

Indonesia’s central bank could keep interest rates in hold at 6%. Elsewhere, the Bank of Thailand is also expected to stand pat on interest rates. The bank said that the current monetary policy would remain appropriate in the period ahead and would continue to support economic growth.

And finally, the people of Thailand will elect a new government on Sunday for the first time since the last elected government was thrown out in a military coup. It will also be the first elected government under a new monarch.

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