Homeowners with a mortgage will be bracing themselves for higher repayments following the RBA's move to increase rates by 25 basis points.
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The official cash rate has been left unchanged at Michele Bullock's first monetary policy meeting as Reserve Bank governor.
Aussie homeowners can breathe a sigh of relief after the Reserve Bank held the cash rate at its September meeting today.
For the second consecutive month, the Reserve Bank has kept the official cash rate on hold at 4.10%.
Annual inflation has fallen to its lowest level in over a year, but will that be enough stop another rate rise?
Michele Bullock will take over as Reserve Bank of Australia governor from Philip Lowe in September.
In a reprieve for Aussie mortgage-holders, the RBA has held the official cash rate at 4.10% at its July meeting.
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.
A major overhaul is in store for the RBA, with a widely anticipated review putting forth 51 recommendations, including to how cash rate decisions are made.
