CANBERA (dpa-AFX) - The Reserve Bank of Australia will conclude its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. In its first meeting of the year, the bank is widely expected to keep rates on hold at 3.00 percent.
Australia also will see December trade balance data, Q4 house price figures and the January results for the AiG Performance of Service Index. The trade balance is expected to show a deficit of A$800 million after coming in at -A$2.637 billion in November. House prices are expected to rise 0.3 percent on quarter and 0.9 percent on year after adding 0.3 percent on year and on quarter in the previous three months. The service index saw a score of 43.2 in December.
China will see January results for the HSBC Services PMI; in December, it came in at 51.7.
The Philippines will release December numbers for producer prices and January numbers for consumer prices. PPI was down 0.6 percent on month and 2.8 percent on year in November. CPI is expected to add 0.6 percent on month and 3.0 percent on year after easing 0.1 percent on month and rising 2.9 percent on year in December.
Indonesia will announce gross domestic product numbers for the fourth quarter of 2012; it was up 3.2 percent on quarter and 6.2 percent on year in the third quarter.
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