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RBA Minutes On Tap For Tuesday

CANBERA (Alliance News) - The Reserve Bank of Australia will on Tuesday release the minutes ...

Alliance News 20 March, 2017 | 10:01PM
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CANBERA (Alliance News) - The Reserve Bank of Australia will on Tuesday release the minutes from its March 7 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.

At the meeting, the central bank held its benchmark lending rate steady at 1.50% as expected, after reducing the rate by 25-basis points each in August and May.

Australia also will see Q4 numbers for house prices, with forecasts suggesting an increase of 2.5% on quarter and 6.3% on year. That follows the 1.5% quarterly increase and the 3.5% yearly gain in the third quarter.

New Zealand will provide February figures for credit card spending; in January, spending was up 0.2% on month and 7.1% on year.

Hong Kong will release February data for consumer prices; in January, inflation was up 1.3% on year.

Finally, the markets in Japan are off Tuesday for the vernal equinox, and will re-open on Wednesday.

Copyright RTT News/dpa-AFX

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