It’s more than likely that the next time the RBA will contemplate moving interest rates higher is on Melbourne Cup day, on the first Tuesday in November. Because by then, we’ll have a much better idea if governor Michele Bullock has got her rates punt right.By leaving rates on hold on Tuesday – as almost universally expected – Bullock and the RBA’s monetary policy board are betting that the three interest rate hikes already delivered this year will keep inflation in check over the next three or four months.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles