Investors assessed Friday’s monetary policy decisions from Japan and China and worries grow over the health of the Asian countries’ economy.
On Monday, the Reserve Bank of Australia starts its two-day policy meeting, where central bankers will meet to make a key rate decision on Tuesday.
Singapore is set to release its August consumer prices index, with core CPI estimated to have risen 2.6% year on year, according to a Reuters poll, compared to 2.5% in July. Asia-Pacific markets opened lower Monday as investors assessed monetary policy decisions from Japan and China on Friday after U.S. Federal Reserve's sharp rate cut sent markets higher last week.Data last Friday showed China's youth unemployment rate rose for a second straight month to its highest level this year, according to theDespite growing calls for lower interest rates, the People's Bank of China unexpectedly left its key benchmark rate on hold on Friday.
The Reserve Bank of Australia starts its two-day policy meeting on Monday, where central bankers will decide on the country's monetary policy path on Tuesday. Singapore is set to release its August consumer prices index, with core CPI estimated to have risen 2.6% year on year, according to a Reuters poll, compared to 2.5% in July. Overall year-on-year CPI is expected to have cooled to 2.15%, compared to 2.40% the previous monthFeeling out of the loop? We'll catch you up on the Chicago news you need to know.
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