Australian Economy Showing a Marked Rebound, Inflation Not Likely to Worry RBA Just Yet

Australian Economy Showing a Marked Rebound, Inflation Not Likely to Worry RBA Just Yet
Cafes in Melbourne's Degraves street open for dine in customers on June 01, 2020 in Melbourne, Australia. Darrian Traynor/Getty Images
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The Australian economy is showing a marked rebound from its first recession in decades, but the improvement is unlikely to alter the outlook for interest rates while inflation remains extremely subdued.

The latest consumer price index is expected to show benign price pressures overall, with government stimulus measures keeping the lid on some categories.