Will the RBA hike interest rates again today, or pause? Here’s what we know

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Will the RBA hike interest rates again today, or pause? Here’s what we know
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The Reserve Bank of Australia has hiked interest rates 12 times in 14 months. Should mortgage holders brace for more repayment pain?

Experts say the Reserve Bank of Australia is facing a difficult decision when it comes to raising or pausing the nation's official interest rate.The Reserve Bank will announce its July cash rate decision at 2.30pm on Tuesday.Experts say July's decision is likely to be a "close call".

The July decision is likely to be a “close call”, but ultimately Mr Oliver expects the RBA lift the official cash rate by another quarter of a percentage point — a widely expected that would take it to 4.35 per cent. Rising wages and a rebounding property market - with prices rising for the past four months on average nationally according to CoreLogic - could also all factor into an RBA rate hike call.

“As we go into next year, the Reserve Bank will start to cut interest rates, probably from February … But obviously there's a fair way to go to get to that point.”With some signs inflation is softening and the economy slowing, another rate rise in July is far from certain.

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