The Reserve Bank has kept interest rates unchanged for the seventh consecutive meeting, maintaining pressure on mortgage holders ahead of inflation data expected to show only slight moderation.

After a two-day meeting, the RBA held the rate at 4.35%, marking 10 months since the last change.

This follows the US Federal Reserve’s recent rate cut to 4.75-5%. The RBA stated it is keeping options open, with no clear indication of future rate increases.

Warren Hogan, managing director of EQ Economics & economic adviser to Judo Bank, explains to Clinton that Wednesday’s inflation figures could be misleading as they are monthly, not quarterly, and they will be distorted by energy bill rebates.

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