New Zealand Interest Rate Decision Due On Wednesday

India, Oct. 27 -- The Reserve Bank of New Zealand will on Wednesday wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBNZ is expected to hike its Official Cash Rate (OCR) by 25 basis points, to 3.00 percent from 2.75 percent.

Australia will release Q3 data for consumer prices, with forecasts suggesting an increase of 1.3 percent on quarter and 3.9 percent on year after gaining 0.6 percent on quarter and 4.0 percent on year in the previous three months.

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Published by HT Digital Content Services with permission from RTT News....