Freya and Max will save $150 a month after the RBA’s interest rate cut. Like many Australians, they want more

Max and Freya of Essendon with their two-year-old daughter. Max said the Reserve Bank’s interest rate cut was ‘better than nothing’. Photograph: Christopher Hopkins/The Guardian

Will Saw breathed a sigh of relief on Tuesday when the Reserve Bank of Australia cut the official cash rate for the first time in more than four years.

While the decrease of a quarter of a percentage point is welcome, the 29-year-old Melbourne office administrator would like it to fall further.