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Financial News: RBA Minutes On Tap For Tuesday

RBA Minutes On Tap For Tuesday

08/20/2018 - 18:04:00 (RTTNews)

(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its monetary policy meeting on August 7, highlighting a modest day for Asia-Pacific economic activity.

At the meeting, the RBA voted to maintain its benchmark lending rate at the record low of 1.50 percent - where it has been for two years.

New Zealand will release July numbers for credit card spending; in June, spending was up 2.1 percent on month and 5.7 percent on year.

Japan will see July figures for supermarket sales; in June, sales added 0.1 percent on year.

Hong Kong will provide July data for consumer prices, with forecasts suggesting an increase of 2.4 percent - unchanged from the June reading.

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