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Did you know that 3 of the 4 major bank economists now forecast we’ll have no further rate rises this cycle? [1]
Also, here’s what they forecast in terms of rates eventually coming down (from the current cash rate of 4.1%)…
CBA, forecast reduction to 3.1% – down 1.0% – by the end of 2024
Westpac, reduction to 2.6% – down 1.5% – by the end of 2025
NAB, reduction to 3.1% – down 1.0% – by early 2025
ANZ, reduction to 3.85% – down 0.25% – by December 2024
Find out more on the show!
References:
[1] Interest rate forecast: where will interest rates go? Michael Lund, Canstar – 7 August 2023
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