RBA tipped to cut rates in late-2023, early 2024
Ronald MizenSenior reporter
The Reserve Bank of Australia is tipped to begin lowering the official interest rate as soon as next year as higher borrowing costs work to lower inflation and suppress economic growth.
Commonwealth Bank is tipping a cut in the cash rate by the RBA from a peak of 2.6 per cent starting in late 2023, and Westpac and ANZ expect a terminal rate above 3 per cent with cuts by mid-2024.
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