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๐—œ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—ผ๐—ฟ๐˜€ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜ ๐—ฅ๐—ฎ๐˜๐—ฒ ๐—ฐ๐˜‚๐˜ ๐—ผ๐—ณ ๐Ÿฌ.๐Ÿฒ๐Ÿฌ ๐—ฃ๐—ฒ๐—ฟ๐—ฐ๐—ฒ๐—ป๐˜๐—ฎ๐—ด๐—ฒ ๐—ฃ๐—ผ๐—ถ๐—ป๐˜๐˜€

The market is expecting at least two cash rate cuts by the end of this year, according to the Statement on Monetary Policy from the Reserve Bank of Australia (RBA).

โ€œMarket pricing suggests that market participants believe the cash rate has reached its peak, with rate cuts of around 60 basis points [i.e. 0.60 percentage points] priced in by the end of 2024,โ€ the RBA said.

โ€œThis is a little lower than the median forecast of market economists but broadly in line with market-implied forecasts for inflation to return to the target range during 2025. Compared with many other advanced economy central banks, both market pricing and economist forecasts suggest that the cash rate in Australia will peak at a lower level and begin to decline only later this year.โ€

The cash rate is currently at 4.35% and is generally changed in increments of 0.25 percentage points.

Subiaco finance brokers are here to help

Interest rate rises are here, but you donโ€™t have to fear with the right broker on your side.

The team at Sonam Capital are here to empower you through financial knowledge. Weโ€™ll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.

Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.

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