Welcome to our live coverage of the Reserve Bank of Australia’s (RBA) cash rate decision, which is expected at 2:30pm.

We'll bring you expert predictions and insights, coverage of the press conference immediately following the announcement, and of course the RBA's decision on interest rates.

Mortgage stress has remained elevated despite RBA governor Michele Bullock announcing interest rate cuts in February, May and July. Picture: Christian Gilles

Inflation may take a while to stabilise

1:11pm

The Reserve Bank was caught off guard by last week’s high inflation figures and it may take far longer than expected to mitigate the effect.

Westpac chief economist Luci Ellis this week as much as another full quarter could be needed to put the lid back on inflation, ruling out easing until well

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