Bank Negara Malaysia said the MPC considers the current policy rate consistent with prospects for sustained price stability.

At a regular briefing, Foreign Ministry spokesman Guo Jiakun responded to a Reuters question about Palau’s president urging Pacific Islands Forum members to condemn China’s missile tests. Guo said China has repeatedly explained its position and accused Palau of repeatedly hyping the tests to coerce other forum members and pursue a malicious agenda that will not succeed. He reiterated China’s commitment to peaceful development, a defensive national defence policy, and said China does not seek military expansion and is willing to work with South Pacific states to maintain regional peace, stability and development.

US Aug ISM Non-Manufacturing PMI due in 10 minutes.