RBA Minutes On Tap For Tuesday


The Reserve Bank of Australia will on Tuesday release the minutes from its Feb. 2 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.

At the meeting, the RBA decided to maintain the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility.

The board also decided to buy an additional A$100 billion of bonds issued by the Australian Government and states and territories when the current bond purchase program is completed in mid-April. These additional purchases will be at the current rate of A$5 billion a week.

Japan will see December results for its tertiary industry index; in November, the index was up 0.7 percent on month.

Finally, the markets in Taiwan and China remain closed for the Lunar New Year holiday.

The material has been provided by InstaForex Company – www.instaforex.com


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