Australians with mortgages could have to wait another six months before seeing a rate drop, according to the National Australia Bank's (NAB) most recent projection.

Though NAB had initially predicted the Reserve Bank of Australia (RBA) would cut interest rates in February 2025, now, that doesn't seem like a possibility before May 2025, News.com.au reported.

"The labor market has been stronger than expected and the RBA........

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