CANBERA (dpa-AFX) - The Reserve Bank of Australia will on Tuesday wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day in Asia-Pacific economic activity.
The RBA is widely expected to keep rates on hold at 2.00 percent.
Australia also will see June numbers for retail sales and trade balance. Retail sales are expected to add 0.4 percent on month and 0.4 percent in the second quarter. That follows the 0.3 percent gain in May and the 0.7 percent increase in the first quarter.
Japan will provide June data for labor cash earnings and July numbers for monetary base. Labor cash earnings are expected to add 0.9 percent on year after gaining 0.7 percent in May. The monetary base surged an annual 34.2 percent in June.
New Zealand will release July numbers for commodity prices; in June, prices dipped 3.1 percent on year.
South Korea will see July figures for consumer prices, with forecasts suggesting an increase of 0.2 percent on month and 0.7 percent on year. That follows the flat monthly reading and the 0.7 percent gain in June. Core CPI was flat on month in June and up 2.0 percent on year.
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