As predicted by the markets, the Reserve Bank kept the official cash rate target to 4.1% yesterday, making it the second month in a row that rates have remained on hold. In its notes following the board meeting, the central bank said it was closely watching Oz’s slowing inflation rate and softening growth in consumer spending. Outgoing Governor Philip Lowe also noted the rate pause would allow previous hikes to take full effect. Treasurer Jim Chalmers applauded the decision, calling the pause “a welcome reprieve for Australians doing it tough already”. But even before mortgage-holders could breathe out their sighs of relief, economists have begun speculating about next month’s decision… Some expect one more rise before Christmas; others say that – depending on inflation – the hikes might be done. Get your bets in early…