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Financial News: RBA Minutes On Tap For Tuesday

RBA Minutes On Tap For Tuesday

07/01/2024 - 18:03:00 (RTTNews)

(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its June 18 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.

At the meeting, the RBA left its benchmark rate at a 12-year high of 4.35 percent for a fifth straight meeting and underscored that inflation is slowing more slowly than anticipated, leaving the door open for a possible rate hike.

South Korea will provide June figures for consumer prices, with forecasts suggesting an increase of 0.1 percent on month and 2.7 percent on year - both unchanged from the May reading.

Japan will see June numbers for its monetary base; in May, the monetary base was up 0.7 percent on year.

Hong Kong will release May data for retail sales; in April, sales tumbled 14.7 percent on year.

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