RBA meets at 2:30pm today...will they increase or hold?

After three consecutive months where the RBA has left the official cash rate on hold, this afternoon's meeting becomes all the more important for home loan customers hoping for the reprieve to continue.

The RBA will weigh continued inflation pressures against resurgent property prices confirmed by Core Logic this week in conjunction with external pressures including high global oil prices and China's faltering housing market.

It will also be the RBA will meet with new governor, Michele Bullock, at the helm.

Many economists predict that the RBA will keep the official cash rate on hold for another month but are less certain that we will not see a rate rise in November.

Watch this space.