Eyes will be trained on the Reserve Bank of Australia governor during a parliamentary hearing ahead of the June cash rate call.
Philip Lowe will take questions at a Senate estimates hearing on a variety of matters but the pathway for interest rates will likely dominate discussions.
The central bank started lifting interest rates last year to tackle high inflation.
While past its peak, at seven per cent, inflation remains well above its two-to-three per cent target range.
From May 2022, the RBA lifted interest rates 10 times in a row before pausing in April.
The central bank board then opted to lift interest rates by another 25 basis points in May – a move that few were expecting after keeping rates on hold for just one month.
Assistant governor financial system Brad Jones will also front the hearing alongside the governor.
The RBA will also get an update on inflation via the Australian Bureau of Statistics monthly gauge.
Expectations are for a 6.4 per cent uptick in headline inflation in April, up from 6.3 per cent in March.
© AAP 2023
