WLTH CEO Brodie Haupt said for borrowers, this move serves as an opportunity to reassess their financial situation and potentially explore refinancing options.

“The RBA’s decision can be seen as a mixed development with both positive and negative implications for the broader economy and households,” Mr Haupt said.

“This perceived relief may drive confidence and potentially lead to an increase in consumer spending, which would work against the board’s actions to curb inflation.

“Borrowers should be mindful that the RBA has not ruled out further tightening of the cash rate and that the impact of these hikes has not fully materialised.”

Full Article: Savings.com.au