The Reserve Bank of Australia has all but confirmed next week's inflation figures will be the deciding factor in whether it raises interest rates in August.
In the minutes from a meeting on 6 July, when it held rates at 4.5% for the second consecutive month, the RBA board gave its clearest indication yet that next month's interest rate decision will depend on the official June quarter inflation numbers due on 28 July.
Economists say this means any surprise rise in next week's data is likely to see the RBA raising the interest rate again.
The ABC reports the bank lifted official interest rates six times in eight months before pausing in June and July.
The RBA's target inflation band is 2% - 3%.
