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Global Economic News

New Zealand Rate Decision Due On Wednesday

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBNZ is expected to keep its Official Cash Rate steady at 2.25 percent.

Australia will release Q1 numbers for construction work done and Q2 data for consumer prices. In the previous quarter, construction work was down 0.8 percent on quarter, while consumer prices climbed 4.1 percent on year.

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