Interest Rates 2024 Australia News. After almost two years of interest rates rising, many mortgage holders hope rates could be cut at some point in 2024. The reserve bank has kept rates on hold at its june meeting, leaving the cash rate at 4.35 per cent, as rba governor says she's not expecting a recession.

Higher interest rates for a prolong period of time will pull spending down and the employment market will weaken, he added, while the inflation surge last month was. Dire warning over aussie interest rates.