The Reserve Bank has held rates at their highest level since 2011, dampening hopes for a reprieve amid the festive season.
cash rate
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Inflation may be continuing to move in the right direction, but the Reserve Bank Board has opted to keep interest rates steady once again.
The latest CPI figures "are a step in the right direction" but economist Devika Shivadekar doesn't predict a rate cut this year.
With the RBA predicted to drop the cash rate by February, should homebuyers jump in now or hold off and wait for banks to cut rates?
Potential interest rate cuts by early next year would be a big relief for those with large mortgages. Cash rate cuts would also be good news for most investors.
Cutting rates could see home prices jump $15,300, shrinkflation crackdown, and the number of Aussie women investors has jumped at twice the rate of men.
The RBA decision means that interest rates will likely remain at their highest level in almost 13 years for at least another six weeks.
Rate cuts are 'likely' if inflation maintains its course, as the RBA holds the cash rate at 4.35% at its August meeting.
The rate of household inflation has picked up once again, with the latest CPI data revealing that prices rose by 1% in the three months to the end of June.
The Reserve Bank Board has left interest rates on hold at a 12-year high of 4.35% for the fifth time in a row, so when can we expect the next rate hike?
