The Reserve Bank of Australia will hand down its latest interest rates decision at 2.30pm AEDT .
That announcement will tell us whether the cash rate stays put at 4.60 per cent or rises to 4.85 per cent .
If the RBA does pull the trigger, it would be the fifth rate rise this year.
Then, at 3.30pm AEDT , governor Michele Bullock will front the media to explain the board's decision and answer questions from journalists.
That's where we'll get a better sense of how the RBA views inflation, the economy and where rates could be headed next.
Good morning, and welcome to our live coverage of the Reserve Bank's latest interest rates decision.
It's a big Tuesday, but for very different reasons.
On one side, punters in their finest outfits (and silliest hats) are braving the rain at Flemington for Melbourne Cup Day.
On the other, homeowners, borrowers and mortgage holders are watching the clock ahead of 2.30pm AEDT, when the Reserve Bank of Australia will hand down its latest rates decision.
Will rates stay on hold? Could Australians see yet another rise? And what would any move mean for households already juggling higher living costs?
We'll take you through the decision as it happens, the reaction from economists and markets, what it means for your mortgage, and all the key developments throughout the afternoon.
You'll be following along with Alexandra Koster , who has already conceded that this may, indeed, be a three-coffee kind of day.
Settle in and let's get into it. It's rates day.
