Interest Rates 2024 Forecast Australia. Australia’s neutral interest rate is in part determined by global forces. The article argues that the reserve bank of australia will have to lower interest rates due to the economic crisis in china, the global slowdown and the high cost.
From may 2022 to november 2023, the reserve bank of australia (rba) increased the cash rate 13 times, in an effort to tame. A rate hike could risk undermining its credibility and exacerbate the housing affordability.