Financial News: RBA Minutes On Tap For Tuesday

RBA Minutes On Tap For Tuesday

11/20/2023 - 16:30:00 (RTTNews)

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

At the meeting, the RBA raised its benchmark rate by 25 basis points to 4.35 percent. The bank also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.25 percent. The bank had held interest rates steady since June following an increase of 4 percentage points since May last year.

New Zealand will provide October results for imports, exports and trade balance. In September, imports were worth NZ$7.20 billion and exports were at NZ$4.87 billion for a trade deficit of NZ$2.329 billion.

Hong Kong will see October data for consumer prices; in September, overall inflation was up 0.4 percent on month and 2.0 percent on year.

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