
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
On Thursday, South Korea's major bank kept interest rates intact, taking rather a bullish view of economic surge prospects because a new administration considers multi-billion-dollar fiscal stimulus measures.
The country’s major financial institution held its base rate intact at 1.25%, exactly as predicted by all 19 financial experts polled by Reuters.
Governor Lee Ju-yeol told that the bank was about to revise up its surge outlook in the nearer months from the current 2.6%, which is a stronger surge trajectory, compared to what had proposed in April.
Market analysts state that considering sturdy exports, economic revival as well as the government's employment-oriented policy stance, in the second half wage surge is supposed to accelerate.
The major bank’s base rate has been intact at a record minimum 1.25% since a 25 basis point drop in June 2016. In April, the bank increased its surge outlook for this year from 2.5% to 2.6%.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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