<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/reserve-bank-of-australia-july-interest-rate-decision/6082c3d9-4eb8-4b91-98a4-6c0b6c574f69" rel="" target="_blank" title="The Reserve Bank's decision yesterday"><span>The Reserve Bank's decision yesterday</span></a><span> to leave the cash rate on hold has come as a rude shock to restaurant, cafe and pub owners across the country.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>One in 10 hospitality businesses have closed in the last year, according to data from Creditor Watch – and the RBA failed to serve up some much-needed relief after the cash rate remained steady at 3.85 per cent.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Roger Awar, who owns cafe Fresco-Bah in Adelaide's city centre, said the rate decision was a double blow for proprietors like himself.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/morwell-daily-cafe-and-foodstore-became-inundated-with-customers-during-erin-patterson-mushroom-murder-trial/9a23fea9-0b73-49c1-aba4-b4d4f4babf7f" target="_blank" title="'Wild': Why murder trial was good business for Morwell cafe"><strong><span>'Wild': Why murder trial was good business for Morwell cafe</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Like many, he had hoped for more positive news, meaning customers would spend more and his own interest repayments would be slashed.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"It's a little bit disappointing – because it doesn't look after us as business owners," Awar said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"We would like people to have more disposable income so we could have more customer spend – you see everything else has gone up – interest rates coming down would definitely help."</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/interest-rate-decision-double-blow-for-small-business-owners-australia/52a412a0-1476-4bc1-a504-fc3b3584a88c" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/feral-deer-population-australian-capital-territory-dashcam-footage-lays-bare-problem/1e1731a9-e80f-445d-b4ff-8ab79c9aeb9c" rel="" target="_blank" title="Footage of feral deer sprinting across highway exposes national 'crisis'"><strong><span>Footage of feral deer sprinting across highway exposes national 'crisis'</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Co-founder of Riversdale Group and the Australian Pub Fund Patrick Coughlan said the hospitality industry was often the first to feel the impact of a rate cut when it happened.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>He hopes that business surge might be coming next time the RBA meets.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Our data is certainly showing the second half of the year is going to be a bit kinder," Coughlan told 9News.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Businesses and mortgage holders may have to wait at least five weeks for the next rate decision in August.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>For the first time, the RBA published the unattributed vote count from their interest rate decision yesterday.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>This was a split decision. Of the nine members of the board, six voted to hold rates, while three were in favour of a cut.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/how-to-follow-9news-digital/29855bb1-ad3d-4c38-bc25-3cb52af1216f" target="_blank"><strong><em><span>DOWNLOAD THE 9NEWS APP</span></em></strong></a><strong><em><span>: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. 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