* China likely to cut key lending rates on Tuesday

* Blinken to meet Chinese President Xi Jinping

* Turkey's consumer confidence index drops in June

June 19 (Reuters) - Emerging market stocks and currencies fell on Monday, following strong gains in the previous week, as investors braced for a number of central bank decisions from the region and awaited clarity on more economic stimulus from China.

MSCI's index of emerging market stocks was down 0.7% at 0845 GMT, after logging its best weekly gain in five months in the previous session, while currencies edged 0.3% lower.

Equities in mainland China and Hong Kong fell about 0.8% each due to a lack of concrete stimulus details from China's State Council meeting while investors were on the lookout for any signs of progress in China-U.S. talks.

U.S. Secretary of State Antony Blinken discussed Taiwan and other issues with China's top diplomat Wang Yi in Beijing, and is set to meet Chinese President Xi Jinping on Monday.

Additionally, China is widely expected to cut key lending benchmarks on Tuesday to boost its economic growth, which has seen a rocky post-pandemic recovery. Goldman Sachs became the latest major bank to cut forecasts for China's economic growth.

Investors are now awaiting policy announcements from countries including Turkey, Hungary and Chile this week, which will come on the heels of decisions from major central banks including the Federal Reserve last week.

Turkey could hike rates to 20%, according to a Reuters poll, while another cut to the one-day deposit rate could be on the table for Hungary.

"The forward guidance and the tone (from the Hungarian National Bank) will remain unchanged as well, in our view. This means that the approach remains cautious and gradual and the decisions ahead are still data- and sentiment-driven," ING strategists said in a note.

The forint fell 0.2% against the euro while the Turkish lira was slightly weaker from Friday's close at 23.676 to the dollar.

Turkey's consumer confidence index dropped 6.5% to 85.1 points in June, official data showed on Monday, dipping after last month's elections and following a rise in the previous two months.

South Africa's rand strengthened 0.2% against the dollar while the Russian rouble edged higher on Monday, reclaiming some of last week's losses.

For GRAPHIC on emerging market FX performance in 2023, see http://tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2023, see https://tmsnrt.rs/2OusNdX

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For RUSSIAN market report, see (Reporting by Amruta Khandekar; Editing by Varun H K)