Morgan Stanley Asia-Pacific Week Ahead: Macro Catalysts — China September Inflation and Credit Data; MAS Tightens Monetary Policy
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Morgan Stanley previews Asia-Pacific macro catalysts for October 12–18, 2026. In China, September CPI is expected to edge up to 0.9% YoY as weak fruit and vegetable prices partly offset higher oil, while aggregate credit growth is forecast to slow to 7.2% YoY because faster government bond issuance cannot offset continued private-sector deleveraging. India's September CPI is seen accelerating on rising food prices and base effects. Singapore's Monetary Authority is expected to tighten policy on October 14 with a 'very slight' increase in the slope of the S$NEER policy band. The report also tracks Australia's September unemployment rate, forecast to hold at 4.6%, alongside business confidence data and RBA meeting minutes, plus Japan's September corporate goods price index, projected at 7.6% YoY. GDP prints include Malaysia Q3 at an expected 5.2% and Singapore Q3 at 4.6%. China's inflation and credit data fall within an October 10–15 release window. No specific stock recommendations are given; a week-ahead event calendar anchors the analysis.
Key exhibits
Exhibit 1
