Borrowers Warned Not to Count on 2024 Rates Relief

The June rise will be the second-largest hike to HECS debt in more than a decade.

Two people walk past the Reserve Bank of Australia in Sydney, Australia, on March 7, 2017. William West/AFP via Getty Images

Australian mortgage holders should not be banking on interest rate relief following surprisingly strong quarterly inflation data.

The March quarter consumer price index revealed lingering price pressures, especially for services such as education, health, rents and insurance, slimming the chance of interest rate cuts any time soon.