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Australian Rate Decision Due On Tuesday

The Reserve Bank of Australia will on Tuesday conclude its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is widely expected to keep rates on hold at 4.25 percent.

Australia also will provide retail sales data for February, with forecasts suggesting an increase of 0.2 percent on month following the 0.3 percent increase in January.

Thailand will provide March figures for inflation, with analysts expecting the rate to come in at 3.2 percent, easing from 3.35 percent in February. Core CPI is called at 2.5 percent, down from 2.72 percent in the previous month.

Singapore will see the March results of PMIs for electronics and manufacturing. Electronics is expected to slide to 50.8 from 51.0 in February, while manufacturing is called unchanged at 50.4.

Finally, the stock markets in China remain closed until Thursday for Tomb Sweeping Day.

by RTTNews Staff Writer

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