One of Australia’s leading economic advisory firms has projected the Reserve Bank of Australia (RBA) will not cut interest rates until Q2 2025 at the earliest.
Households should brace for high interest rates to persist well into 2025 due to ongoing inflation concerns and an uncertain economic landscape, according to Oxford Economics Australia .One of Australia’s leading economic advisory firms has projected the Reserve Bank of Australia will not cut interest rates until Q2 2025 at the earliest. Oxford Economics Australia has since warned households that high interest rates are here to stay.
OEA said despite headline inflation approaching the upper limit of the RBA’s target range by late 2024, rates were expected to remain the same for the foreseeable future. This prediction aligns with the broader economic landscape, where annualised inflation was posted at 3.8 per cent in July.
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