In a reprieve for Aussie mortgage-holders, the RBA has held the official cash rate at 4.10% at its July meeting.
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Australian mortgage-holders will be bracing themselves for more mortgage pain following the Reserve Bank's decision to lift the cash rate by 25 basis points to 4.10%.
After a month's reprieve the Reserve Bank Board has returned to rate-hiking mode, lifting interest rates by 25 basis points to 3.85% at its May meeting.
Mortgage-holders may be relieved after the RBA hit pause on the cash rate on Tuesday, but what does it mean for share investors?
Australian homeowners with a mortgage can breathe their first sigh of relief in 11 months following the Reserve Bank board's decision to maintain the cash rate at 3.60% at its April meeting.
The RBA has hiked the official cash rate to 3.60%, its highest point since May 2012, as mortgage stress worsens across the country.
"I know it's really hard for people to have to pay more on their mortgages, but it'll be harder if inflation gets too high," says RBA governor Philip Lowe.
The RBA lifted the official cash rate by 25 basis points to 3.35% at its first board meeting of 2023, with the ninth consecutive increase pushing the cash rate to its highest point since September 2012.
Homeowners with a mortgage will likely be hit with higher loan repayments just in time for Christmas following the RBA decision to increase interest rates by a further 25 basis points this afternoon.
Mortgage holders are set to be slugged with another round of rate hikes following a seventh straight increase to the cash rate from the RBA at its November board meeting.
