Mortgage holders will be closely watching the Reserve Bank's decision today. 9News
The cash rate was lifted to 4.1 per cent in June.
For the average Australian mortgage, that rate hike represented an additional $1264 in mortgage repayments since the cash rate was 0.1 per cent in April 2022. "Inflation in Australia has passed its peak, but at 7 per cent is still too high and it will be some time yet before it is back in the target range," RBA governor Philip Lowe said at the time.
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