May 4 (Reuters) - Australian shares are likely to open higher on Tuesday on wide expectations the central bank in its policy meeting will hold its cash rate at a record low despite a solid economic recovery and a housing boom.
The local share price index futures YAPcm1 rose 0.2%, a 10.8-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark ended largely unchanged on Monday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose marginally in early trade on Tuesday.