Mortgage holders and support services have welcomed the Reserve Bank's decision to pause months of interest rate rises amid surging living costs, mortgage repayments, and more young people experiencing financial distress and accessing support services for the first time.
On Tuesday, the Reserve Bank of Australia paused interest rates after 10 consecutive rises at 3.6 per cent, with governor Philip Lowe noting the central bank is waiting to get a better idea of the impact past rate rises have on inflation and the economy.
