FX.co ★ RBA Minutes On Tap For Tuesday

The Reserve Bank of Australia will release the minutes from its June 18 monetary policy meeting this coming Tuesday, shedding light on a relatively modest day for economic activity in the Asia-Pacific region.

During the meeting, the RBA opted to maintain its benchmark interest rate at a 12-year high of 4.35 percent for the fifth consecutive session. The central bank underscored that inflation is decelerating more slowly than expected, thereby leaving the possibility open for a future rate hike.

In South Korea, June's consumer price index figures are anticipated to show a 0.1 percent increase on a monthly basis and a 2.7 percent rise on an annual basis, mirroring the figures reported in May.

Japan will also release data for its monetary base for June; the monetary base grew by 0.7 percent year-over-year in May.

Additionally, Hong Kong will publish retail sales data for May; in April, retail sales plummeted by 14.7 percent compared to the same month the previous year.