Despite some uncertainty amongst market commentators and caution from Christmas shoppers, the RBA remains on track to raise rates by 25 basis points in December.

The minutes from the November 3 Reserve Bank Board meeting have adopted a much more dovish style than we saw from the October minutes. Given that the Bank decided to only raise rates by 25 basis points following those October minutes, it appears that the strong language from October was most focussed on justifying the somewhat earlier-than-expected beginning to the tightening cycle, rather than revealing a high degree of urgency with regard to the tightening task ahead. In November, no such justification was required, given that the debate was really about whether the RBA moved by 25 basis points or 50 basis points. This moderate language can also be interpreted as supporting the more modest adjustment option.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles