Rate Cut 2024 Australia. That's much less than the abnormally high levels seen during pandemic lockdowns, as high as 24 per cent. — the australian financial review’s survey of 42 economists suggests the reserve bank will cut interest rates in august 2024, according to the median forecaster, compared with previous.
— the reserve bank has left interest rates on hold amid signs that growth in the economy has dramatically slowed down following 13 interest rate rises since may. Australia is expected to be almost the last major advanced economy to deliver an interest rate cut, after hot us inflation caused professional investors to push out.