Asian Economic Calendar: Key Events and Consensus Expectations for 15 November 2023 ...Middle East

Activity data from China will be the focus. Base effects are expected to likely cause industrial production to drop, although the consensus is for unchanged (y/y figures). The official manufacturing PMI is in contraction. Base effects too should, on the other hand, help retail sales bounce from Covid-impacted October 2022. The data for the first week of October will benefit from the Golden Week holiday.Also Coming up today is the monthly PBOC Medium-term Lending Facility (MLF) rate setting. The MLF rate is currently 2.5%. Due around 0115 GMT. - The MLF rate is a benchmark interest rate that banks in China can use to borrow funds from the People's Bank of China for a period of 6 months to

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