Interest Rates 2024 Australia Time. The reserve bank of australia (rba) retained its cash rate at 4.35% during its final meeting of 2024, keeping borrowing costs unchanged for the ninth straight gathering, in. Australia’s banking sector outperformed the broader sharemarket by 24.2 per cent this calendar year and beat resources by an even more extreme 50.2 per cent.

With interest rates firmly in restrictive territory, the rba board’s extended waiting game with. Here’s when the major banks think rates will go down: