New Zealand Likely to Stand Pat on Rates This Week — Market Talk

0027 GMT - The New Zealand central bank is likely to stand pat on interest rates this week, says Moody's Analytics in a note. The Reserve Bank of New Zealand has maintained its policy rate at 2.25% since November, and faces the debate on whether to withdraw monetary policy support amid risks to inflation and growth outlooks. "Recent developments in oil markets have eased pressure on headline inflation more than anticipated, providing space for a hold in July," Moody's says. (monica.gupta@wsj.com)

(01:13 GMT) Malaysia's Central Bank Expected to Remain on Hold This Week — Market Talk

0113 GMT - Malaysia's central bank is expected to stand pat on rates Thursday, says Moody's Analytics in a note. Bank Negara Malaysia will likely hold its overnight policy rate steady at 2.75% through the rest of this year as inflation remains contained thanks to a cap on petrol prices. The ringgit has also held steady, Moody's says. The central bank said in June that it considers the monetary policy stance at the current OPR to be appropriate and consistent with the outlook of continued price stability and sustainable economic growth. (monica.gupta@wsj.com)