Mortgage holders welcomed today’s decision from the Reserve Bank of Australia to hold the cash rate at 4.35 per cent after their first meeting of the year.
Although CPI rose by 0.6 per cent in the December 2023 quarter, annual inflation fell from 7.8% in December 2022 to 4.1% in December 2023, reaching a two-year low.
While some experts suggest that rates may stay on hold for a few more months before they begin to fall, others say it is too soon to predict what impact inflation and the upcoming tax cuts will have on mortgage rates.
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