Opinions were rather divided somewhat by yesterday's inflation data.
On the one hand there are those who say that inflation is taking off - and it was a pretty big headline number for the quarter at 0.8% (and 0.9% underlying).
That's rapid on an annualised basis.
On the other hand, others argue that the main contributors to the inflation figure, which, as you can see above, included food and tobacco, may only have spiked temporarily.
After all, the employment data hasn't been great, and year-on-year, the favoured underlying measures are still in the target 2-3% range...at 2.6%.
Consequently, opinions are also split on the direction of interest rates.
Some forecasting houses are still expecting interest rate cuts later in 2014 as the Reserve Bank tries to lower the Aussie dollar towards 80 cents and get the labour market doing a little better.
Others are a lot more hawkish.
And, as you might expect therefore, futures markets are hedging their bets and sit somewhere in the middle.