Events in the Middle East will cast a shadow over Australia's economy with the widening conflict potentially impacting inflation.
While this week will feature a lull in the volume of major data released, developments in the Middle East will be watched keenly by the Reserve Bank for any sign of impact on domestic markets.
The central bank's governor, Michele Bullock, warned on Tuesday it would be too early to tell what the effect would be, with supply shocks adding to inflation pressures.
