Luise Robinia

Interest Rate Cuts 2024 Australian Banks. Investors are becoming increasingly sceptical that the reserve bank of australia will need to cut interest rates at all this year, after more upbeat data in the. Explore the shifting financial landscape in 2024 as interest rate expectations evolve from anticipated cuts to a higher for longer scenario.

The major bank believes the cash rate will be lowered by 0.75 per cent by the reserve bank of australia (rba) over 12 months, starting in september 2024. The cash rate has been on pause at its current level of 4.35% throughout all of 2024, and the central bank once again held it steady at its most recent meeting, announcing the call on tuesday september 24.