The RBA will announce its December rates decision this afternoon, with no change predicted.
Car horn sparks alleged road rage attack in Melbourne"The cost-of-living crisis continues to place significant pressure on households. Young Australians—particularly those renting, paying off a mortgage, or raising children—are feeling the strain most acutely," Finder head of consumer research Graham Cooke said.
"The good news is that Australians could see a rate cut this financial year. Most experts on our panel expect the first cut to occur within the first three meetings of next year." The largest proportion of finder's experts, just under 50 per cent, believed rates would be cut in May, while just under a quarter thought it would arrive earlier, in February."With the economy – notably jobs growth and business conditions continuing to show resilience, we are also shifting our view on the quantum of rate cuts and now expect only two, in May and August 2025. That leaves the terminal cash rate at 3.85 per cent," Timbrell said.
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