CBA's Major RBA Interest Rate Prediction For 2024

RBA Decision Not the Gift You Think - Economists Predict CBA's Next Rates Move Will Be a Cut

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Economic growth is expected to remain subdued over most of 2024, with the outlook a little weaker than expected three months ago. The RBA is now considered all but certain to keep the cash rate at 4.35 per cent this week, and bond futures are fully priced for a lowering of its February prediction of a 4.2 per cent jobless rate by June.

CBA, a major RBA interest rate predictor, has now forecasted six interest rate cuts in 2024 and 2025 as inflation eases quicker. The ASX 200 has extended its gains after the RBA left the cash rate on hold at 4.35 for the fourth-straight meeting.

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