The Reserve Bank of Australia (RBA) is set to release the minutes from its May 7 monetary policy meeting on Tuesday, marking a relatively light day for economic activity in the Asia-Pacific region.
During the meeting, the RBA policy board decided to keep its benchmark interest rates steady, maintaining the cash rate target at 4.35 percent. Additionally, the board sustained the interest rate on Exchange Settlement balances at 4.25 percent.
New Zealand is anticipated to report its April figures for credit card spending; in March, spending had increased by 1.4 percent year-on-year.
