Interest Rates Australia Prediction 2024. The annual rate of inflation has ticked up slightly in april to 3.6 per cent, from 3.5 per. One of australia’s biggest banks made a devastating new prediction for aussie homeowners.
The question now is will interest rates still go down in 2024? But now, there is more hesitation.
What The Experts Are Saying Big Four Banks:
The cash rate target has been steady for seven months now.
Will Interest Rates Rise In 2024?
Strong growth, very low rates of unemployment and persistent inflation in services industries has prompted economists and traders to revise their expectations of how much monetary easing central banks can feasibly deliver in 2024.
Interest Rates Australia Prediction 2024 Images References :
After Almost Two Years Of Interest Rates Rising, Many Mortgage Holders Hope Rates Could Be Cut At Some Point In 2024.
This current cycle of cash rate movements started with a cash rate of 0.10% in april 2022.
But Now, There Is More Hesitation.
Westpac are in agreeance about a september 2024 rate cut but are guessing we will need to wait until december 2025 before we see rates down to 2.85 per cent.