The Reserve Bank board held its final meeting for 2021 yesterday. It’s ending the year with a vastly different situation than how it began - inflationary pressures are building, the housing market is coming off an extraordinary boom and the economy is recovering from the Delta strain.

Gareth Aird, Head of Australian Economics at the Commonwealth Bank, looks at the messages hidden in the RBA's final meeting for the year, including a clue on interest rates.