Legal traps: How to keep your home from risk<\/a><\/p>\n\u201cIf inflation keeps coming in like this then we might not see any cuts at all,\u201d Mr Koch said.<\/p>\n
\u201cThe nightmare scenario is that this is the first sign of inflation starting to trend up again. If that\u2019s the case, we could even see the Reserve Bank increase the cash rate in the first half of next year.<\/p>\n
\u201cWe\u2019ve all been fed this line by a lot of economists that we could see two or three more rate cuts in the coming months. I reckon the idea of any more rate cuts in the next six-nine months is seriously in doubt now.<\/p>\n
\u201cMy guess is that we won\u2019t see a rate cut for at least six months, unless the December quarter inflation figure, which is out at the end of February, shows some dramatic improvement.\u201d<\/p>\n
![\"Supplied](\"data:image\/svg+xml,%3Csvg)
<\/p>\n
Source: Compare the Market<\/p>\n
Mr Koch added that continued price rises should serve as a reality check for governments to align their policies.<\/p>\n
\u201cYou get a sense just talking to people that living costs are going up and inflation is bouncing back up,\u201d he said.<\/p>\n
\u201cCompare the Market\u2019s Household Budget Barometer found 93 per cent of people believe there has been no easing in the cost-of-living crisis. <\/p>\n
\u201cEnergy rebates were keeping that inflation figure artificially low. Now they have rolled off, we\u2019re seeing energy price rises in full effect \u2013 and it\u2019s hurting.\u201d<\/p>\n
<\/p>\n
TV Presenter and Compare the Market economic director David Koch says homeowners could wait another six months for another rate cut.<\/p>\n
As for homeowners hanging out for a rate cut, Mr Koch advises they are better off trying to wrangle a discount on their own.<\/p>\n
\u201cIf you\u2019re waiting for the Reserve Bank to move then you could be waiting a long time \u2013 and that means missing out on potential savings in the meantime,\u201d he said. <\/p>\n
\u201cTake a look at what rates are leading the market. If your bank won\u2019t match them, it might be time to switch over.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Australians hoping for cheaper mortgages face a longer wait, with rate cuts unlikely for at least six months…\n","protected":false},"author":2,"featured_media":252070,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-252069","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/252069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=252069"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/252069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/252070"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=252069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=252069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=252069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}