Economists anticipate the Reserve Bank of Australia (RBA) could provide relief to household borrowers with interest rate cuts as early as May. The Federal Parliament is set to discuss tax and interest rate cuts, with stage three tax cuts expected. There are differing opinions on when the RBA will make its move, with some analysts warning of a potential 'game of chicken' among banks. Major banks forecast interest rate cuts not until the second half of 2024, while some experts predict the RBA will maintain rates today and delay any cuts until August.
Ahead of today's RBA interest rate decision and updated forecasts, the major banks are forecasting a cut until well into the second half of 2024. (Source: @RateCity ) https://t.co/ndDWUW6H8z
Experts are predicting the RBA will keep rates steady today, with an interest rate cut not likely until August. #9News https://t.co/TRyQsa6FIE
The RBA is poised to announce its next decision on interest rates today, but one analyst has warned the banks may play a “game of chicken” when it comes to cuts. https://t.co/alsAYzTXHb
Family budgets will be high on the hit list when Federal Parliament returns tomorrow with tax and interest rate cuts both on the agenda. Stage three tax cuts appear a certainty, but economists are split on when the RBA will make its move. https://t.co/wK2uvimgHe @RobScott7 #7NEWS https://t.co/QhUpTMgDhY
With attention turning from talk of rate hikes to cuts, some economists expect the Reserve Bank could offer household borrowers some relief as soon as May. > https://t.co/arQ4Xqxe3E https://t.co/zqGtQsbjHT