Interest Rate Cuts 2024 Australian Government

Interest Rate Cuts 2024 Australian Government. The benchmark interest rate in australia was last. Commonwealth bank expects that scenario in cooling of the australian economy along with a faster fall to inflation will see the rba cut the official cash rate by nearly 1 percentage point in the back half of.

Our quarterly statement on monetary policy sets out the rba’s assessment of current economic and financial conditions as well as the outlook that the reserve bank board. It aims for between 2 and 3 per cent per year and prefers the middle of that range.