Westpac are in agreeance about a. Westpac, nab and commonwealth bank’s latest forecast is for the rba to cut rates by 25bps in november.
The unemployment rate fell to 4% in may, in line with forecasts. Ing then expected australian interest rates to be cut to 3.85% in the final quarter of 2023, to 3.10% in the beginning of 2024, and to 2.35% by the end of 2024.
Inflation Rises Slightly In April To 3.6Pc But Economists Say That Should Ring 'Alarm Bells' For Rba.
Next release 31/07/2024 consumer price index, australia, june quarter 2024;
Will Interest Rates Rise In 2024?
From may 2022 to november 2023, the reserve bank of australia (rba) increased the cash rate 13 times, in an effort to tame inflation.
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At The Time Of Publishing, The Current Interest Rate Forecast For 2024 From The Big Four Banks Is That Interest Rates Will Remain Stable For The Majority Of The Year, Before.
Brent crude oil price at us$78bbl.
Ing Then Expected Australian Interest Rates To Be Cut To 3.85% In The Final Quarter Of 2023, To 3.10% In The Beginning Of 2024, And To 2.35% By The End Of 2024.