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The Week Ahead: ECB, Bank Negara Malaysia and US Inflation

The US will report its latest inflation numbers. The core inflation rate is expected to be unchanged at 2.2% but the headline rate could have crept up to 1.9%. Meanwhile, retail sales growth for August could have slipped from 3.4% to 3.2% year on year.

China will also report its latest inflation. It is expected to show that consumer prices rose 2.6% in August, which would be slightly slower that the 2.8% in July.

The damage caused by Brexit will be on show when the UK reports its economic growth rate for July. The economy is only expected to have expanded 0.8% compared to 1% the previous month. The growth rate in June was the weakest annual growth rate since August 2013.

The European Central Bank will announce its latest interest-rate decision. It is not expected to budge from its zero-rate policy. But it could announce new stimulus measures to boost an ailing economy.

The Malaysian central bank will announce its latest interest-rate decision, too. After cutting its overnight policy rate by 0.25% in May, Bank Negara Malaysia kept interest rates on hold in July. It is expected to sit on its hands again this time.

Elsewhere Malaysia, is expected to say that retail sales grew 6.4% in July, which would be slightly slower than the 7.7% in the previous month. In June, sales growth slowed for food, beverage and tobacco.

And finally, Singapore could say that retail sales growth rebounded from a 2.2% drop in June to a rise of 0.4% in July.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Director David Kuo doesn’t own shares in any companies mentioned.