Financial News: Australia Interest Rate Decision Due On Tuesday

Australia Interest Rate Decision Due On Tuesday

11/04/2024 - 17:31:00 (RTTNews)

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

South Korea will provide October figures for consumer prices, with forecasts suggesting an increase of 0.2 percent on month and 1.4 percent on year. That follows the 0.1 percent monthly increase and the 1.6 percent yearly gain in September.

The Bank of Japan will see October numbers for its monetary base, with forecasts calling for an increase of 0.3 percent on year following the 0.1 percent contraction in September.

China will see October results for the services PMI from Caixin, with analysts expecting a score of 50.5 - up from 50.3 in September.

Indonesia will release Q3 data for its gross domestic product, with expectations for an increase of 1.6 percent on quarter and 5.0 percent on year - easing from 3.79 percent on quarter and 5.05 percent on year in the three months prior.

Thailand will provide October numbers for consumer prices. Overall inflation is expected to rise 0.96 percent on year, up from 0.61 percent in September. Core CPI is seen higher by an annual 0.78 percent, up marginally from 0.77 percent a month earlier.

Singapore will see September figures for retail sales; In August, sales were up 0.7 percent on month and 0.6 percent on year.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. New Home Sales Show Significant Rebound In November (05 min(s), 34 sec(s) ago)
(RTTNews) - After reporting a sharp pullback by new home sales in the U.S. in the previous month, ...Full Story»

U.S. Consumer Confidence Unexpectedly Deteriorates In December (07 min(s), 34 sec(s) ago)
(RTTNews) - Consumer confidence in the U.S. has unexpectedly deteriorated in the month of December ...Full Story»

U.S. Durable Goods Orders Pull Back More Than Expected In November (17 min(s), 34 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured durable goods slumped by much more than expected in t ...Full Story»

Lithuania Industrial Production Grows 4.1% (02 hr(s), 50 min(s), 34 sec(s) ago)
(RTTNews) - Lithuania's industrial output expanded in November, driven by strong growth in the ...Full Story»

Irish Consumer Confidence Weakens Marginally (03 hr(s), 17 min(s), 34 sec(s) ago)
(RTTNews) - Irish consumer confidence dropped slightly at the end of the year as households were w ...Full Story»

Irish Wholesale Prices Rise 2.1% In November (03 hr(s), 54 min(s), 34 sec(s) ago)
(RTTNews) - Ireland's wholesale prices increased for the first time in four months in November ...Full Story»

Poland Unemployment Rate Rises To 5.0% (04 hr(s), 09 min(s), 34 sec(s) ago)
(RTTNews) - The unemployment rate in Poland increased for the first time in four months in Novembe ...Full Story»

Italy Non-EU Trade Surplus Shrinks In November (04 hr(s), 53 min(s), 34 sec(s) ago)
(RTTNews) - Italy's non-EU trade surplus declined in November from a year ago, as imports grew ...Full Story»