Mortgage holders rejoice – the Reserve Bank of Australia (RBA) kept the cash rate on hold in August for the second month in a row. So have we finally reached calmer waters? Or is there one last rate rise wave headed our way?
In what many will see as better news than a Matildas’ World Cup win, the RBA held interest rates steady in August for the second month in a row.
After a relentless string of rate hikes (12 since April 2022), homeowners may be sceptical about what’s happening.
So is the RBA board finally satisfied we’ve endured enough rate hikes? Or is RBA Governor Philip Lowe saving one last rate hike for mortgage holders as a parting gift before he vacates his position next month?
Let’s take a closer look at some of the underlying data.