‘Inflation is still too high’: RBA reveals why rates are unlikely to be cut in 2024

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‘Inflation is still too high’: RBA reveals why rates are unlikely to be cut in 2024

Rates in Australia are likely to remain higher for longer, as the Reserve Bank of Australia (RBA) favoured a lower unemployment rate over crushing the cost of living crisis.

Reserve Bank of Australia (RBA) deputy governor Andrew Hauser used his “fireside chat” format at the CBA Global Market Conference in Sydney, to reaffirm homeowners shouldn’t expect an early Christmas gift in the form of rate cuts.

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