Will Interest Rates Go Down In 2024 Australia. This weakness is the result of high interest rates with the reserve bank of australia (rba) raising rates by 425 basis points to 4.35% since may 2022 to tame inflation, which ran. The cash rate has increased a great deal since may 2022 but when will it finally begin falling?
The annual rate of inflation has ticked up slightly in april to 3.6 per cent, from 3.5 per cent in march, but economists say it’s enough to put even more pressure on the reserve. At the time of publishing, the current interest rate forecast for 2024 from the big four banks is that interest rates will remain stable for the majority of the year, before.
