Australian Interest Rates Forecast 2024. Australia’s central bank will raise interest rates one more time in its current tightening cycle, economists say, and then shift to policy easing next year as inflation. Ing then expected australian interest rates to be cut to 3.85% in the final quarter of 2023, to 3.10% in the beginning of 2024, and to 2.35% by the end of 2024.
Meanwhile, the asx is trading higher in the afternoon’s. The reserve bank governor has not ruled out an interest rate rise before 2024, saying it is dependent on the data not the date, but believes australia will lag other.