Interest Rate Rise Predictions Australia 2024. Will interest rates go down in 2024? A large share of the increase in the cash rate since may 2022 has been passed on to borrowers.

Westpac economists predict that the current level of 4.35% will be the peak of the cash rate, and that we might expect the first rate cuts to occur around november, with a. With only one more rba meeting on monetary policy left for the year, let’s explore what australians can expect from interest rates in 2024, based on the latest predictions.