Interest Rate Cuts 2024 Australia. Economists at the nation’s big four banks are still predicting that we’ve seen the peak of. Next cut september 2024, cash rate falling to 2.85% by may 2025;.

The big bank published a weekly report on monday that forecast seven interest rate cuts in 2024 and 2025. The reserve bank says their combined effect will be to take 0.60 points off measured inflation.