RBA grants Easter treat with a pause on interest rate rises

MORTGAGE holders have been handed a reprieve after the Reserve Bank of Australia announced a pause on cash rate hikes after 10 months of consecutive rises.

Home owner Jade Sparkes, pictured with her dog Lilou at home in Merewether, welcomed the news of a pause on cash rate hikes. Her mortgage repayments have increased by $600 since she purchased her apartment in July. Picture Marina Neil.

The RBA announced its decision to leave the cash rate target unchanged at 3.60 per cent at its meeting on Tuesday.