Interest Rate Cuts 2024 Australia. The official cash rate ended 2023 at 4.35 per cent, and financial markets see a 25 per cent chance of an interest rate cut by march. Australia’s big four banks are predicting interest rate cuts in 2024, but borrowers may need to wait until the end of the year to get relief.
Interest rate in australia averaged 3.86 percent from 1990 until 2024, reaching an all time high of 17.50 percent in january of 1990 and a record low of 0.10 percent in november. After enduring a tough 18 months financially, many australians will be wondering how long interest rates will stay high and when households can expect some.
Interest Rate Cuts 2024 Australia Images References :