Interest Rates 2024 Australia

Interest Rates 2024 Australia. In everyday terms, the cash rate determines the interest rate that banks set for home mortgages and other loans. After almost two years of interest rates rising, many mortgage holders hope rates could be cut at some point in 2024.

In everyday terms, the cash rate determines the interest rate that banks set for home mortgages and other loans. The reserve bank has kept interest rates on hold at 4.35 per cent.