Interest Rates 2024 Australia. We are now considered to be at the peak of the cycle, with a rate of 4.35%. Consumer price index annual change march quarter 2024.
Australia long term interest rate data is updated monthly, available from jul 1969 to apr 2024. Highest ongoing savings rates (no conditions) highest interest savings accounts (including bonus offers) rates are current as of 15 may 2024.
4.35 % Effective Date 8 May 2024 Next Update 2.30 Pm, 18 June 2024.
Here are four predictions | sbs news.
Decisions Regarding Monetary Policy Are Made By The Reserve Bank Board And Explained In A Media Release Announcing The Decision At 2.30 Pm After Each Board Meeting.
Enhancing the transparency of interest rates
After Almost Two Years Of Interest Rates Rising, Many Mortgage Holders Hope Rates Could Be Cut At Some Point In 2024.
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Most Economists Think Interest Rates Have Peaked, With Several Economic Readings In 2024 Showing Inflation Easing Faster Than Anticipated, And The Unemployment Rate Rising.
Rates are current as of 1 june 2024.
This Marks The Fifth Consecutive Quarter Of Lower Annual Inflation Since The Peak Of 7.8 Per Cent In The December 2022 Quarter,” He Said.
“the annualised inflation rate to 31 march 2024 has declined from 4.1 per cent to 3.6 per cent.