No interest rate hike, but it wasn't all good news for consumers in the latest RBA assessments. (Joanna Kordina/AAP PHOTOS)No interest rate hike, but it wasn't all good news for consumers in the latest RBA assessments. (Joanna Kordina/AAP PHOTOS) Credit: AAPMortgage holders may have been spared more rate pain by the Reserve Bank but Australia's chronically weak productivity growth means households will continue to suffer. It came nearly a year to the day after the bank slashed its medium-term productivity from one per cent to 0.7 per cent. "We expect that a period of subdued growth in the economy will be required to bring inflation down sustainably."