Mortgage holders are likely again to be denied any relief today when the central bank announces its cash rate decision.
Mortgage holders are likely again to be denied any relief today when the Reserve Bank of Australia announces its interest rates decision.
Experts forecast RBA Governor Michele Bullock will announce the cash rate target is staying at 4.35 per cent when she announces the board's decision at 2.30pm.Stressed mortgage holders are unlikely to see an interest rate cut emerge from the RBA meeting today. This week's RBA meeting also comes after the US Federal Reserve decided to cut rates by 50 basis points last week to 4.8 per cent – still higher than the RBA's current cash rate target of 4.35 per cent.
The vast majority of experts and economists forecast mortgage holders will have to wait until early next year for relief.
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