Financial News: Australia Interest Rate Decision Due On Tuesday

Australia Interest Rate Decision Due On Tuesday

05/06/2024 - 18:00:00 (RTTNews)

(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is widely expected to keep its benchmark lending rate unchanged at 4.35 percent.

Australia also will see March figures for retail sales, with forecasts suggesting a decline of 0.2 percent on month following the 0.3 percent increase in February.

Japan will see April results for its Services PMI from Jibun Bank, with forecasts suggesting a score of 54.6 - up from 54.1 in March.

Thailand will provide April numbers for consumer prices; in March, overall inflation was down 0.47 percent on year, while core CPI rose an annual 0.37 percent.

Taiwan will release April results for consumer prices; in March, overall inflation was up 0.26 percent on month and 2.14 percent on year.

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