Mortgage holders will be feeling uneasy ahead of another close interest rate call that could see their monthly repayments blow out even further.
The Reserve Bank of Australia (RBA) has been battling high inflation with higher interest rates since May last year and has so far handed out 400 basis points of increases.
The board is due to meet on Tuesday for the July cash rate decision.
Inflation may be moderating but economists worry the slowdown is not fast enough to guarantee the end of the central bank’s tightening cycle.
The headline inflation number fell sharply over the month of May, from 6.8 percent to 5.6 percent, but Westpac economist Bill Evans said the slowdown across consumer prices was less convincing when volatile items were stripped out….