No Mortgage Relief: Interest Rates Likely Steady Until 2026
Update: 2025-12-08
Description
Borrowers face a grim outlook as interest rates remain steady, with no mortgage relief in sight before Christmas. The Reserve Bank is expected to keep the official cash rate at 3.6% until at least 2026, with even a possible rate hike on the horizon. This forecast comes after a rise in inflation, now at 3.8%, surpassing the Reserve Banks target range. The central bank is likely to take a cautious approach to tackling inflation, acknowledging that some recent increases may be temporary.
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