RBA expected to maintain key interest rate at 4.35% until September, with economists predicting two rate cuts in Q4 2024.

Australia's central bank, the Reserve Bank of Australia (RBA), is expected to maintain its key interest rate at 4.35% during its meeting on March 19 and likely until September, according to a Reuters poll. Economists predict at least two rate cuts in the final quarter of 2024. Despite the RBA's recent hawkish stance and elevated inflation, no economist expects the next move to be an increase. The timing of rate cuts may be guided by the anticipated easing from the U.S. Federal Reserve, which is expected to happen in June.

March 15, 2024
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