Interest Rate Cuts 2024 Australia. The reserve bank says their combined effect will be to take 0.60 points off measured inflation. 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.
The reserve bank has left interest rates on hold amid signs that growth in the economy has dramatically slowed down following 13 interest rate rises since may. The reserve bank says their combined effect will be to take 0.60 points off measured inflation.