The decision on interest rates from this afternoon's monthly meeting of the Reserve Bank board will only be of passing interest for many in the markets. No rate rise, and certainly no fall, is expected. Like everyone else, the RBA might be more interested in the US government shutdown, scheduled for 2pm -- half an hour before RBA Governor Glenn Stevens releases the meeting statement.
That statement will be read closely to see if there are any further references to rising property lending and rising house prices. Most likely there will, and that will see another flurry of "bubble" stories.