Interest Rate Cuts 2024 Australia. States are settling into a new normal of slower revenue growth after the federal reserve’s first interest rate cut in. In 2022, when the fed started raising interest rates, officials were focussed on inflation and.

The major bank believes the cash rate will be lowered by 0.75 per cent by the reserve bank of australia (rba) over 12 months, starting in september 2024. After the energy price relief ends midway through 2025, the reserve.