RBA Minutes On Tap For Tuesday

RBA Minutes On Tap For Tuesday

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

At the meeting, the RBA voted to maintain its benchmark lending rate at the record low of 1.50 percent — where it has been for two years.

New Zealand will release July numbers for credit card spending; in June, spending was up 2.1 percent on month and 5.7 percent on year.

Japan will see July figures for supermarket sales; in June, sales added 0.1 percent on year.

Hong Kong will provide July data for consumer prices, with forecasts suggesting an increase of 2.4 percent — unchanged from the June reading.

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