29 Australian economic forecasters predict interest rate cuts by March 2023, saving $125/month on a $600k mortgage.
29 top Australian economic forecasters predict the Reserve Bank will start cutting interest rates by March 2023, taking 0.35 points off the cash rate by June. This could save $125 a month on the service cost of a $600,000 variable-rate mortgage, with further cuts anticipated. The forecasters also expect tamed inflation and higher home prices as part of Australia's economic recovery in the 2024-25 period.
June 30, 2024
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