India, May 4 -- The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is widely expected to hike its benchmark lending rate by 25 basis points, to 4.35 percent from 4.10 percent.
Australia also will see April results for the services and composite PMIs from S&P Global; in March, their scores were 50.3 and 50.1, respectively.
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