Households with a $750,000 loan to see their monthly repayments reduce by $115 if their banks adjust mortgage rate accordinglyFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe treasurer and shadow treasurer have both applauded the Reserve Bank’s decision to cut the cash rate to 4.1%, with bipartisan support for the move that offers a reprieve to mortgage-saddled Australian households.But the RBA governor, Michele Bullock, cautioned that the decision to cut was not a “lay-down misère” and that the board had an active debate over the issue.Sign up for Guardian Australia’s breaking news email Continue reading...
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