Could mortgage borrowers see interest rate relief this year? Expert weighs in

SBS Hindi

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Reserve Bank of Australia (RBA)/Finance expert Niti Bhargava Credit: AAP/Supplied by Niti Bhargava

The Reserve Bank of Australia (RBA) board is set to meet many times this year, with hopes rising among mortgage holders for a potential interest rate cut at next month's meeting, the first one of 2025. The cash rate has remained at a decade-high of 4.35 per cent for over a year, as the annual core inflation rate continues to stay elevated—keeping inflation as the RBA's primary focus. In this podcast episode, finance expert Niti Bhargav sheds light on why interest rates remain high, the factors delaying a rate reduction, and whether this year's federal elections could influence the RBA's decisions.

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Published 9 January 2025 5:57pm

By Natasha Kaul

Source: SBS

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The Reserve Bank of Australia (RBA) board is set to meet many times this year, with hopes rising among mortgage holders for a potential interest rate cut at next month's meeting, the first one of 2025. The cash rate has remained at a decade-high of 4.35 per cent for over a year, as the annual core inflation rate continues to stay elevated—keeping inflation as the RBA's primary focus. In this podcast episode, finance expert Niti Bhargav sheds light on why interest rates remain high, the factors delaying a rate reduction, and whether this year's federal elections could influence the RBA's decisions.

Disclaimer: The information given in this interview is of general nature. This information may not be appropriate for your personal circumstances. Contact your travel agent for clear advice on your situation.

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