2024 Interest Rate Predictions Australia. See charts, data, news and analysis. The rba expects gdp growth to slow from 3.6 per cent in 2022 to 1.5 per cent in 2023 and 2024, as higher prices, interest rates and housing costs weigh on spending.
The reserve bank of australia (rba) will leave the cash rate on hold at 4.35 per cent at its next meeting on tuesday, according to a survey of 27 experts by financial comparison. While australia weathered the pandemic better than many countries, questions about its recovery and handling of high inflation are tempering the economic outlook.