The week ahead in Australia and New Zealand - RBA and economic data events

This week, Australia and New Zealand will see a number of key economic events, including the Reserve Bank of Australia's (RBA) interest rate decision and the release of important economic data.

The RBA is expected to announce its interest rate decision on Tuesday, with analysts predicting that the central bank will keep rates on hold at 0.1%. The decision will be closely watched by investors and economists for any signals about the future direction of monetary policy.

In addition to the RBA decision, Australia will also release its latest GDP figures on Wednesday, providing insight into the country's economic performance in the first quarter of 2021. Meanwhile, New Zealand will release its own GDP figures on Thursday, giving an indication of the country's economic health.

Other important economic data releases this week include Australia's trade balance and retail sales figures, as well as New Zealand's business confidence and building permits data.

Overall, the week ahead is expected to provide valuable insights into the economic outlook for both Australia and New Zealand, with the RBA decision and key data releases likely to have a significant impact on financial markets.