Like an apparition in the desert, there is the prospect of sweet interest rate relief. But when?
Possibly, maybe, perhaps, the Reserve Bank has now inflicted enough interest rate pain to contain inflation.
Their heavyweight economists forecast moves down – though not soon – to stand at 2.6 per cent by the end of 2025 , 3.1 per cent by the end of 2024 , 3.1 per cent by early 2025 and the first cut in late 2024 .doingTheir pricing is the main game, money-on-the-line prediction, and analysis for this masthead by data house Mozo is interesting to say the least.
And CBA has implemented rate cuts on one and three-year fixed rates, by 15 basis points and 35 basis points respectively. What is happening in this market is a pure play for your deposit dollar – several institutions are now aggressively vying for a share of this stable source of funding, and haveThe best bonus-interest savings account, from ME Bank, knocks ING off the paying perch with a rate we haven’t seen for 12 years: 5.65 per cent.
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