Explore the latest developments concerning RBA interest rate.
RBA interest rate relief this week could be brief as Australians told to 'buckle up'
After better than expected inflation data, most economists are expecting the Reserve Bank to hold rates steady when it meets this coming week. But borrowers are being warned not to be lulled into a false sense of security.
While household spending remains surprisingly resilient, and domestic driven parts of the CPI basket continue to run much to hot, a small minority of experts think the RBA could defy expectations on Tuesday and hike rates.
A majority of experts polled by consumer site Finder found more than 90 per cent expect a hold. Only three of the 38 believe we are in for a hike this week.
Inflation numbers to bring relief for mortgage holders
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Mortgage holders will likely be able to breathe a sigh of relief with the Reserve Bank largely tipped to keep interest rates on hold.
Governor Michele Bullock and the central bank's board will meet on Monday and Tuesday, with economists forecasting the cash rate to stay at 4.35 per cent.
The prediction follows a surprise fall in inflation, despite it still being well above the bank's target band of two to three per cent.
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RBA should defy the markets and not miss opportunity to raise rates
An increase weeks before the start of the spring selling season would draw a much clearer line between monetary policy and the troubles in our housing markets.
I expect to see the Reserve Bank monetary policy board, with a 4-3 vote, increase the cash rate by 0.25 of a percentage point on Tuesday.
A rate rise would serve a number of purposes, amplified by the very low probability markets are putting on a move.
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