Mortgage Interest Rate Predictions 2024 Australia. In the midst of the covid pandemic, australia’s central bank set the cash rate at a historic low level of 0.10%, but subsequent years saw a number of hikes, in an attempt to catch up with soaring inflation and steady the economy. The rba is meeting today to hand down this year's sixth cash rate decision, but only one of australia's four major banks expects a rate cut by the end of the year.
The reserve bank has made 13 rate rises since may 2022 to try and tackle. How many times will the rba meet in 2024?
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