The Reserve Bank of New Zealand is expected to raise its official cash rate by 25 basis points to 3.0 percent, despite earlier signalling a pause. It would mark a third straight increase and the highest level in a year.

Markets overwhelmingly expect the Federal Reserve to leave its benchmark interest rate unchanged this week, following an increase in September. Fed policymaker Kevin Warsh has signaled that further hikes could follow if inflation pressures persist.

South Korea's central bank has warned that semiconductor exports could shrink by as much as $100 billion if worldwide artificial intelligence spending cools sharply. The Bank of Korea modelled a deliberately pessimistic scenario to measure the trade-reliant economy's exposure to concentrated AI-driven chip demand.