The Reserve Bank of Australia (RBA) minutes from its November meeting reveal a shift towards a more balanced monetary policy, with the central bank likely to maintain the 3.6% cash rate for an extended period. This decision is influenced by stronger-than-expected economic data, including robust consumer demand and a rebound in housing credit, suggesting that current monetary policy may not be as restrictive as previously thought. The RBA remains open to potential easing but emphasizes a data-driven approach, with inflation projected to stay above the 2–3% target until mid-2026. Recent strong employment figures, including a 4.3% unemployment rate, have diminished market expectations for imminent rate cuts.