Interest Rate 2024 Australia. Rate hikes force australian households to reduce spending. The interest rate we control is the cash rate, which is the rate that banks charge each other to borrow overnight.
— we have revised up our estimate of the neutral interest rate (r*) in australia. — the imf is expecting a modest rise in unemployment to 4.5 per cent in 2025, with inflation returning sustainably to the rba’s target range of 2 to 3 per cent by the.