FX.co ★ RBA Minutes On Tap For Tuesday

The Reserve Bank of Australia is poised to release the minutes from its November 5 monetary policy meeting on Tuesday, emphasizing a comparatively quiet day for economic activity in the Asia-Pacific region.

During this meeting, the RBA opted to keep its benchmark interest rate steady at 4.35 percent, a peak not seen in 13 years. This marks the eighth consecutive session the rate has remained unchanged. The decision reflects concerns about persistently high underlying inflation. The last rate adjustment occurred in November 2023, when a 25 basis point increase elevated the rate to levels not seen since late 2011.

Additionally, Malaysia is set to announce its trade statistics for October, covering imports, exports, and overall trade balance. In the preceding month, September, imports experienced a year-on-year rise of 10.9 percent, while exports saw a slight annual decline of 0.3 percent, resulting in a trade surplus of MYR13.20 billion.