Interest Rates Australia Prediction 2024

Interest Rates Australia Prediction 2024. Are rates going up or down? The rba board said the path of interest rates that would ensure inflation returns to target in a reasonable timeframe remained uncertain and further rate hikes.

According to its latest weekly economic report, the banking giant is now predicting a peak cash rate of 4.1% later this year and then a total of seven interest rate. Forecast is for rba to hike to peak rate of 4.35% in november;