Mortgage holders will face higher borrowing costs after the Reserve Bank raised interest rates by 0.25 percentage points in a widely-anticipated decision.
The "Trumpification" of the US Federal Reserve provides an unsettling backdrop to the Reserve Bank's August meeting, where it is expected to cut interest rates.
Australia's big four banks are already promising to pass interest rate cuts on in full after the Reserve Bank lowered the cash rate by 25 basis points.
Hopes of end-of-year rates relief have been dashed as the Reserve Bank of Australia stays on hold and the board warns underlying inflation remains "too high".
Central Bank Governor Michele Bullock expects headline inflation to drop into target on Wednesday, so why is she warning against near-term interest rate cuts?
Mortgage holders can breathe a sigh of relief following the Reserve Bank's decision to leave interest rates on hold at 4.35 per cent, as widely expected.
