Australian Interest Rates Forecast 2024. At the time of publishing, the current interest rate forecast for 2024 from the big four banks is that interest rates will. After almost two years of interest rates rising, many mortgage holders hope rates could be cut at some point in 2024.
Explore the shifting financial landscape in 2024 as interest rate expectations evolve from anticipated cuts to a higher for longer scenario. Westpac economists predict that the current level of 4.35% will be the peak of the cash rate, and that we might expect the first rate cuts to occur around november, with a cut to.