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AAP
AAP
Business
Alex Mitchell

Mortgage holders ready for relief after past rates blow

RBA Reserve Bank of Australia Joel Carrett Australia Inflation Interest Rates United States
A 25 basis point rate cut will shave about $90 off monthly repayments on a $600,000 mortgage. (Joel Carrett/AAP PHOTOS)

Australia's central bank appears set to offer mortgage holders some repayment relief a month on from its shock decision to keep interest rates on hold.

The Reserve Bank of Australia board, which meets on Monday and Tuesday, is widely tipped to shave 25 basis points off the official cash rate, taking the figure to 3.6 per cent.

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