The spotlight in the Asia-Pacific region this week falls on Australia, where a flurry of economic data, including employment, trade and retail sales for April, are scheduled for release.
The Reserve Bank of Australia (RBA) meets on Tuesday and once again, analysts say it’s a toss-up whether the central bank will unveil another rate cut, after lowering interest rates to a record low of 2.25 percent by 25 basis points in February.
While there’s an even chance the RBA could hold off cutting rates, given strength in pockets on the country’s property market, Moody’s Analytics says the central bank will likely opt for easing.
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