Economic Calendar This Week: Week beginning 22nd March 2021
3월 4째주 미리 보는 경제일정
Looking into to our economic calendar for the week ahead,,
The Bank of Korea is set to announce the producer price index for February.
Statistics Korea will release the country's population data for January.
…and the central bank of Thailand and the Philippines get ready to set their benchmark interest rates.
Our Seo Eun-kyung gives a rundown.
On Wednesday, the Bank of Korea will release the producer price index for February this year.
The index, which is a barometer of future consumer inflation, rose for three consecutive months in January with the figure increasing zero-point-nine percent compared to the previous month.
A sharp price increase in agricultural, forestry and fishery products was the main cause of the rise.
Prices jumped almost eight percent, showing the largest increase in two years and five months.
A rise in manufacturing goods due to strong international oil prices was also a factor.
With prices of oil, raw materials and grain continuing to rise, all eyes are on whether the producer price index for February will increase for the fourth month.
On the same day, Statistics Korea will announce the country's population data for January this year.
Last year, the country reported the first natural population decline, meaning the total number of deaths surpassed that of births.
The number of expected babies per South Korean women during her lifetime fell to zero-point-84 last year, down from its previous record low of zero-point-92 the year before.
According to the annual report by the U.N. Population Fund, last June, the fertility rate in South Korea was the lowest among 201 surveyed countries.
In the Southeast Asian region, the Bank of Thailand will set its interest rates on Wednesday.
Last year, the country cut rates three times to support its economy.
The central bank lowered its benchmark interest rates to zero-point-five percent in May, and has kept the record low rate since then.
The next announcement will take place in May.
On Thursday, the central bank of Philippines is set to announce its interest rates.
In 2020, it lowered rates five times.
The figure went down from two-point-25 percent in June to two percent last November.
The Philippine central Governor said last December that he wanted to keep interest rates low through the end of 2022.
SEO Eunkyung, Arirang News.
#Economy #SouthKorea #Calendar
📣 Arirang News(Facebook) : / arirangtvnews
📣 Arirang News(Twitter) : / arirangtvnews
📣 News Center(YouTube) : / newscenter_arirangtv
2021-03-22, 07:00 (KST)