Rate Decisions On Tap For Thursday

(RTTNews) - The Bank of Korea will on Thursday conclude its monetary policy meeting and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity.

The Bank of Korea is widely expected to keep rates on hold at 2.50 percent.

Central banks in Indonesia and the Philippines also are due to announce rate decisions; they also are expected to hold steady at 7.50 percent and 3.50 percent, respectively.

Australia will see unemployment data for November, with analysts expecting the rate to hold steady at 5.7 percent, with the addition of 15,000 jobs. The participation rate is also expected to hold steady at 64.8 percent.

Hong Kong will provide Q3 figures for industrial production and producer prices. In Q2, output added 0.3 percent on year, while PPI dipped an annual 2.4 percent.