RBA casts doubt over 2024 interest rate cut prospects
The RBA is notorious for playing its cards close to its chest but the latest Board minutes hint strongly at interest rates remaining steady into 2025.
The RBA is still some way from taking a jackhammer to interest rates. (Image source: Shutterstock.com)
The world’s advanced economies are moving towards an easing of a central bank interest rates but the Reserve Bank of Australia (RBA) has hinted that cuts might be slower to emerge here.
Minutes of the RBA board’s March meeting, released on Tuesday (2 April), would not rule in or out any official cash rate movements, either up or down, but did hint that cuts in 2024 may be off the table.
“Market participants continued to expect that many advance…
