Caution has been urged over future cash rate changes as uncertainty looms large over global policy, the impacts of rate decisions and the labour market.
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.
Most mortgage holders could sell their homes at a profit to avoid defaulting but conversely, others would be at risk of a loss if property prices fell.
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?
The Reserve Bank of Australia held the cash rate steady at 4.35 per cent at its September meeting and kept all options open in its fight against inflation.
The Reserve Bank of Australia has left interest rates untouched at 4.35 per cent for the fifth consecutive meeting and remains 'vigilant' to inflation risks.
Mortgage holders have been granted another month of interest rate relief after the Reserve Bank of Australia left monetary policy unchanged, as expected.
