The market reacts to the RBA’s shock fee pause

“The Reserve Financial institution’s resolution to stay with the established order and never decrease the official money fee might have come as a shock given that almost all economists had predicted a lower of 25 foundation factors. Following the RBA selections to decrease the speed in February and Could, and up to date knowledge exhibiting inflation trending downwards, debtors have been hoping for one more lower in July to additional ease the strain on their mortgage fee. Nonetheless, there’s nonetheless a chance for mortgage brokers to speak to their purchasers about repricing, refinancing or different choices, resembling consolidating debt to place them in a greater monetary place.”