Will Interest Rates Go Down In 2024 Australia. Will interest rates go down in 2024? Australian interest rates are likely to stay unchanged in the near future because inflation is “a bit stickier” than in the us, reserve bank deputy.
As of july 2024, cba and westpac expect the rba to start cutting rates in november. The annual rate of inflation has ticked up slightly in april to 3.6 per cent, from 3.5 per cent in march, but economists say it’s enough to put even more pressure on the reserve.