Will they or won't they?

Katie Rollinson
Will they or won't they?

The nation's central bank is due to meet at 2:30pm this afternoon when the nation's top economists could decide to increase interest rates for the first time in more than a decade.  

If they do, it will signal the end of "cheap money" for Australians and remind voters that the cost of living is increasing right in the middle of a Federal Election campaign being fought on that exact issue.  

If they don't lift rates, they may be accused of playing politics at a time when the economy desperately needs the central bank to step in.  Still confused? 

You're not alone – nine.com.au has prepared a back-of-the-pub-coaster explanation of the factors the RBA is weighing ahead of a potentially historic meeting.