Interest Rate Predictions 2024 Australia. From may 2022 to november 2023, the reserve bank of australia (rba) increased the cash rate 13 times to control inflation. Stocks rallied close to their records on the expectation the federal reserve will start cutting interest rates soon to help the economy.
In 2024 the bank expected australian inflation to end the year at 4.7% and in 2025 and 2.5%. Cba chief economist stephen halmarick is expecting the rba will start cutting rates in september, with three interest rate cuts expected in 2024 and another three in 2025.