The Reserve Bank of Australia is expected to leave the official cash rate at a record low 1.5 per cent for the 21st month in a row when it meets on Tuesday.
Economists expect signs of improvement in the economy - even with a stalling in the improvement in the jobless rate in recent months - will keep the RBA's hand in check.
Commonwealth Bank economist Michael Blythe said the RBA is expected to send "a positive economic message".
"The policy emphasis will remain on 'patience' and 'gradualism' even while acknowledging that the next rates move is probably 'up'," Mr Blythe said in a research note ahead of the meeting.
"The projections will still show a decent lift in economic growth and gradual progress on inflation rates back into the two to three per cent target band."
Tuesday's rates announcement will be the last before the federal government announces its budget on May 8.
Reserve Bank governor Philip Lowe will have a high profile this week, with the central bank boss delivering a closely watched speech at an RBA board dinner in Adelaide on Tuesday night and the quarterly Statement on Monetary Policy on Friday.
