Economists Predict No Early Christmas Relief for Mortgage Holders as Interest Rates Remain Unchanged

According to a survey of economists, the Reserve Bank of Australia will maintain interest rates at 4.35 percent at its final board meeting of the year. The majority of experts predict that the first interest rate cut might not occur until May of the next year.

Mortgage holders are unlikely to receive an early Christmas present when the Reserve Bank of Australia meets next week, according to a survey of economists.

Graham Cooke, head of consumer research at Finder, said after a tough 12 months for most Australians, there was hope of interest rates being slashed in this financial year. Hard pressed property owners will probably have to wait until next May for an interest rates cut, according to a new survey of experts..

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RESERVE BANK OF AUSTRALIA INTEREST RATES MORTGAGE HOLDERS ECONOMISTS FINANCIAL YEAR

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