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 for Asia-Pacific economic activity. The RBA is widely expected to keep rates on hold at 2.50 percent.
Australia also will see December numbers for building approvals and trade balance. Building approvals are expected to fall 5.0 percent on month and add 5.1 percent on year after advancing 7.5 percent on month and 10.1 percent on year in November. The trade balance is tipped to show a deficit of A$850 million following the A$925 million shortfall in the previous month.
New Zealand will provide January numbers for commodity prices and house prices. In December, commodity prices shed 4.4 percent, while house prices added 4.9 percent on year.
Japan will provide January numbers for monetary base; in December, the base climbed an annual 38.2 percent.
South Korea will release January numbers for consumer prices, with forecasts suggesting an increase of 0.4 percent on month and 0.7 percent on year. That follows the flat monthly reading and the 0.8 percent increase in December. Core CPI was up 0.1 percent on month and 1.6 percent on year in December.
Singapore will see January numbers for manufacturing and electronics PMIs. The manufacturing PMI is called at 49.8, up from 49.6 in December. The electronics PMI is expected to come in at 50.4, down from 50.5 a month earlier.
Thailand will provide January figures for producer prices; in December, PPI fell 1.1 percent on month and 3.6 percent on year.
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