RBA crushes hope of a 2024 interest rate cut
A few months ago there was widespread optimism that interest rates would be in retreat by Christmas but the RBA boss has emphatically dismissed that prospect as fanciful.
Inflation is still too high and unlikely to allow for an interest rates cut for many more months, according to the RBA. (Image source: Shutterstock.com)
If you listen to the bond markets or Commonwealth Bank then there will be an interest rate cut by Christmas this year.
The other three big banks have revised their forecasts and pushed back expectations of a rate cut into 2025.
But the one voice that matters most is as adamant as her role permits that there will be no interest rate reprieve in 2024.
Michele Bullock, Governor, Reserve Bank of Australia, on Friday (16 August) did her best to qua…
