New Zealand rate decision owed on Wednesday

Canbera (DPA-AFX)-New Zealand reserve bank will end the monetary policy meeting on Wednesday and then announce its decision on interest rates, emphasizing a bust day for the economic activity in Asia-Pacific. RBNZ is expected to reduce its official cash rate (OCR) with 50 basic points, from 4.25 percent to 3.75 percent.

Also, New Zealand will see the producer prices data for the fourth quarter of 2024; In the last three months, the PPI inputs have increased by 1.9 percent in the quarter, and the productions have increased by 1.5 percent.

Japan will see the data from January for imports, exports and commercial balance, as well as basic control figures for December. Machinery commands are inclined to add 0.3 percent per month and 6.9 percent per year, easing from 3.4 percent per month and 10.3 percent in November.

It is expected that imports will climb by 9.7 percent per year, increasing from 1.7 percent in December. Exports are called larger by 7.9 percent annually, increasing compared to 2.8 percent in the previous month. The commercial deficit is reached at 2,104 trillions of yen following the surplus of 132.5 billion yen a month earlier.

Australia will provide Q4 data for salary price index, with forecasts that suggest an increase of 0.8 percent in quarter and 3.2 percent per year. This follows the quarterly increase of 0.8 percent and the annual gain of 3.5 percent in the previous three months.

The Central Bank of Indonesia will conclude its monetary policy meeting and announce the decision on interest rates; The central bank is expected to keep its reference credit rate (5.75 percent), the deposit facility rate (5.00 percent) and the credit facility rate (6.50 percent) all unchanged.