Homeowners hoping for rate relief will have to wait a little longer with today's interest rate decision almost certainly expected to hold as the Reserve Bank looks to keep the cash rate at its 12-year high of 4.35 per cent. Record housing and rent prices are the biggest drivers of inflation, after services. The outlier in consumer spending, is one of the key considerations that could keep rates holding until at least February.
For more, Network Finance Editor, Gemma Acton joins.
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