4/13/2023 0 Comments Ryan harvery impulses'Market pricing suggests that policy rates will peak in the first half of 2023 at levels considerably higher than at the onset of the pandemic.'Ī monetary policy easing in 2024 would be the first since November 2020 when the RBA cut the cash rate to a record-low of 0.1 per cent. 'The path for the cash rate reflects expectations derived from surveys of professional economists and financial market pricing, with the cash rate assumed to increase to around 3 per cent by the end of 2022, and then decline a little by the end of 2024. 'The forecasts are based on some technical assumptions,' it said. The Reserve Bank of Australia has given the strongest hint is may start cutting interest rates in 2024 after imposing the steepest increases in almost three decades (pictured is governor Philip Lowe)
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