Interest Rate Cuts 2024 Australia News. Thousands of borrowers have been anxiously awaiting a cut in interest rates, with many reporting that the prolonged exposure to a rate of 4.35 per cent is starting to eat into household savings. Asx’s rba target rate tracker, published at the end of each trading day, yesterday revealed australian financial markets have begun pricing in four interest rate.
What happens in the us will happen in australia. 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.