Overseas central bank moves may hint at rates movement

Investors will be watching rates decisions from the central banks of Canada, Europe and New Zealand. (Flavio Brancaleone/AAP PHOTOS)

As inflation cools, Australians will look to international inflation indicators for signals on whether the Reserve Bank might lower interest rates.

The United States' consumer price index, which will drop by Wednesday, is expected to increase 0.3 per cent on headline and core measures, CommSec economists Ryan Felsman and Craig James say.