The Reserve Bank of Australia will give a broad view of its outlook for the economy and interest rates when it releases its quarterly statement on monetary policy.
Australia's construction industry suffered a slump over December and January due to the impact of the Omicron variant, continuing the sector's volatile run over the past six months.
Treasurer Josh Frydenberg has been quick to point out that interest rate decisions are up to the Reserve Bank as speculation mounts for a rise this year.
Job advertising has risen sharply as COVID-19 lockdowns eased and suggests the unemployment rate will be back below five per cent in the near term after the unexpected spike to 5.2 per cent in October.
The Reserve Bank of Australia left the official cash rate at a record low 0.1 per cent following its monthly board meeting, as widely anticipated by economists.
Reserve Bank governor Philip Lowe expects the Australian economy will bounce back by year's end after suffering a contraction in the September quarter.
The Australian Bureau of Statistics is set to release its preliminary retail spending for June, which will take into account Victoria's previous lockdown.
The Reserve Bank has left the cash rate unchanged at 0.1 per cent and does not expect to raise it before 2024, despite economists saying it could be sooner.
The RBA is expected to leave the cash rate at a record low at Tuesday's board meeting, but economists are looking for some change in its policy outlook.
The Reserve Bank appears to be sticking to its interest rate view for now, as new figures show a record trade surplus and continuing strong demand for workers.
Australia's banking watchdog has written to the nation's banks, warning there are signs of some increased risk-taking as homebuyers rush to secure loans in a heated housing market.
The Reserve Bank of Australia has left the cash rate unchanged at its monthly board meeting, reiterating that it is unlikely to rise until 2024 at the earliest.
The Australian economy may be growing at a solid clip with confidence at multi-year highs, but there are few signs people are willing to take on a loan outside of housing.
The Reserve Bank knows it is fueling cheap finance for home buyers, as property prices surge in cities and the regions, but is not worried about undue risk to financial stability.
