Indebted homeowners cry out for relief but RBA won’t be rushed as key inflation data looms

CPI figures released on Wednesday will determine whether millions of mortgaged Australians will get a rate cut next month, economists say

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Consumer price figures released on Wednesday will determine whether a cautious Reserve Bank of Australia will give millions of mortgaged Australians a rate cut next month, economists say.

The RBA board earlier this month shocked the market and experts when, in a split decision, it decided to hold its key cash rate at 3.85%, defying near-unanimous predictions of a move to lower it.