Report published September 25, 2026
Asia Week Ahead: RBA Decision, Key Data on China, Japan, Korea, Indonesia – ING Economic Report
ING · September 25, 2026
ING previews the upcoming week in Asia, highlighting an expected 25bp rate hike from the Reserve Bank of Australia to 4.60%. Investors will also focus on China PMI figures, activity and inflation prints in Japan and South Korea, and rising headline CPI in Indonesia.
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Finvaulta summarizes ING's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.The Reserve Bank of Australia is expected to deliver a 25bp rate hike to 4.60% amid a tight labour market and upside surprises in GDP and inflation.
- 2.China's September NBS manufacturing and non-manufacturing PMIs are forecast to report slight improvements to 50.1 and 49.2, respectively.
- 3.Japan faces elevated price pressures with Tokyo core CPI expected to accelerate to 2.4% YoY, alongside a projected improvement in the quarterly Tankan large manufacturers index to 25.
Table of Contents
- Asia Research highlights of the week
- Australia: RBA expected to hike rates by 25bp
- China: PMIs expected to slow a modest recovery
- Japan: Activity and inflation data in focus
- South Korea: Trade surplus to widen as inflation eases
- Indonesia: Inflation set to accelerate on food pressures
- Key events in Asia next week
Report data
Key events in Asia next week
| Metric | Estimate | Context |
|---|---|---|
| RBA Policy Rate Forecast | 4.6% | RBA expected to deliver a 25bp rate hike from 4.35% |
| Australia CPI Inflation Forecast | 4.1 % YoY | Driven primarily by higher diesel and food prices, alongside persistent core pressures |
| China NBS Manufacturing PMI Forecast | 50.1 index | Expected slight recovery from 49.8 |
| China NBS Non-Manufacturing PMI Forecast | 49.2 index | Forecast slight recovery from 49.0 |
| Tokyo Core CPI Forecast | 2.4 % YoY | Market consensus forecast pickup from 1.8% in previous period |
Reports in this series
Asia Week Ahead is shown in chronological order through this edition, published on September 25, 2026.
Part of the Asia Week Ahead series — view all 12 editions
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