Concerns about near-term growth remained in place as China expanded its lockdown measures.
Meanwhile, the People’s Bank of China lowered its reserve requirement ratio by 25 bps, freeing roughly CNY500 bln of liquidity.
The Bank of Korea raised its base rate by 25 bps to 3.25% on Wednesday evening, as expected. Governor Rhee said that the terminal rate could reach 3.50%.
Japan’s November Tokyo CPI 3.8% yr/yr (last 3.5%) and Tokyo Core CPI 3.6% yr/yr (expected 3.5%; last 3.4%)
New Zealand’s Q3 Retail Sales 0.4% qtr/qtr (expected 0.5%; last -2.3%)
Singapore’s October Industrial Production 0.9% m/m (expected -0.3%; last 0.2%); -0.8% yr/yr (expected -0.9%; last 1.6%)