RBA keeps cash rate steady at 3.6%, watches future inflation data closely, no relief in mortgage repayments

The Reserve Bank of Australia held its cash rate steady at 3.6%, pausing after a previous cut due to a surprising inflation uptick. Despite a decline since 2022, recent data shows inflation rising, prompting concerns about future rate cuts. Homeowners face continued mortgage pressure as relief is delayed, with economists anticipating a hawkish stance from the RBA.