Interest Rate Predictions 2024 Australian Economy. The asx rate tracker, which sums up what the wider australian financial market expects, looks forward 18 months, when the cash rate is predicted to be just under 4 per cent. In the midst of the covid pandemic, australia’s central bank set the cash rate at a historic low level of 0.10%, but subsequent years saw a number of hikes, in an attempt to catch up with soaring inflation and steady the economy.
Rba was forecast to cut the cash rate to 3.10% in march 2024 and to. Rba appears to be in a holding pattern, but its recent statements indicate a return to a tightening bias.
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