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Next week looks quiet for greater China - Analyst

April 18, 2024 9:23 AM EDT

Next week looks like a quiet week for greater China, said analyst at ING.

"It looks like a relatively quiet week ahead for China after some major releases this week," wrote Robert Carnell, ING's Regional Head of Research, Asia-Pacific.

"The People’s Bank of China’s loan prime rate update will be on Monday. Given the recent stronger-than-expected economic data, ongoing efforts to stabilise the yuan, and the earlier MLF decision, we expect one-year and five-year rates to remain unchanged at 3.45% and 3.95%, respectively."

"In Taiwan, export orders and industrial production data will be published on Tuesday. We expect export order growth to recover to positive territory after a sharp drop in February. Separately, Hong Kong will publish its inflation and trade data on Tuesday and Thursday."



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