Market Commentary and Intraday News

Australia Rate Decision, Current Account Due On Tuesday

264 days ago

(RTTNews) - The Reserve Bank of Australia will on Tuesday conclude its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is widely expected to keep rates on hold at 3.50 percent.

Australia also will see Q2 figures for current account, with forecasts suggesting a deficit of A$12.2 billion following the A$14.892 billion shortfall in the previous three months. Net exports of GDP are expected to rise 0.6 percent after shedding 0.5 percent in the first quarter.

Japan will provide July figures for labor cash earning and August numbers for monetary base. Labor cash earnings are expected to fall 0.5 percent on year after easing 0.6 percent in June. The monetary base was up 8.6 percent in July.

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