Highlights
Switzerland's SVME PMI is expected to come in at 43.7 in August, up only marginally from July's 43.5.
In South Korea, consumer inflation is expected to ease to 1.9 percent in August after rising to 2.6 percent in July and moderating to 2.4 percent in June. That would be around the bank's 2 percent target. The monthly rate is seen slowing to 0.2 percent from 0.3 percent.
Last week, the Bank of Korea left its policy rate at a restrictive level of 3.50 percent for a 13th consecutive meeting. It last raised the Base Rate by 25 basis points to the current level in January 2023. Regarding future monetary policy, the conditions in terms of inflation and economic developments are favorable for us to consider a rate cut at an appropriate time in the future, the bank said. However, financial stability and global risk factors remain a concern.