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Will the RBA be the Grinch of Christmas' and increase rates?

Not according to four in five economists and experts, who believe the central bank's board will keep rates on hold when it meets on Tuesday.

Combined with the monthly fall in retail sales through October, it is clear that higher interest rates are quelling demand and, by extension, inflation.

That should be enough to save the Reserve Bank board from having to be the Grinch of Christmas when it meets next week.