Forecast is for rba to hike to peak rate of 4.35% in november; The unemployment rate fell to 4% in may, in line with forecasts.
Decisions regarding monetary policy are made by the reserve bank. Westpac, nab and commonwealth bank’s latest forecast is for the rba to cut rates by 25bps in november.
Will Interest Rates Rise In 2024?
Australia to hike rates once more, then cut in 2024, poll shows.
The Unemployment Rate Fell To 4% In May, In Line With Forecasts.
Product data updated on 14 jun 2024.
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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.
The unemployment rate fell to 4% in may, in line with forecasts.
Median Is For Policy Easing To.
The australian stock market fell sharply immediately following the release of the inflation data as investors pushed back their expectations of an rba interest rate cut in 2024.