Wait on the size of the RBA's bang

The Reserve Bank’s language is cheery, and failing a catastrophe indicates the next move should be a hike. GDP growth at 3.75 per cent in 2014 could also be on the cards.

The words of the Reserve Bank of Australia are unequivocal.

“The bank's liaison suggested that retail sales picked up in September and motor vehicle sales to households rebounded in August. In addition, measures of consumer sentiment had increased to be clearly above average levels."

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