Experts are divided on whether or not the board will elect to push rates another 0.25 per cent higher.
The latest inflation numbers are lower than forecast, falling to six per cent growth in the June quarter.
The annualised rate of inflation is close to the RBA’s target of between two and three per cent, which could indicate a decision to hold rates steady.
However, the job market remains strong, which could precipitate another rise.
Outgoing governor Philip Lowe indicated in July further rate rises would be necessary as the bank seeks to curb inflation.
Read Related Also: Christopher Wray Is Still Trump's Biggest Failure
“Some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe, but that will depend upon how the economy and inflation evolve,” Lowe said.
Currently, the cash rate sits at 4.1 per cent after the bank held at the July decision.
On a $500,000 loan, mortgage holders are paying approximately $1217 more a month than they were in May last year.
Revealed: The top 20 suburbs in Australia where nobody wants to sell
Sign up here to receive our daily newsletters and breaking news alerts, sent straight to your inbox.
