In short: Westpac's CEO has joined senior economists in predicting that the next interest rates move by the Reserve Bank will be a cut to the cash rate. Westpac's CEO has joined senior economists in predicting that the next interest rates move by the Reserve Bank will be a cut to the cash rate. The Reserve Bank board says "a …
It's very likely house prices, at least in Australia's two biggest cities, will fall at some point over the next couple of years. While it's mainly longer-term fixed rates rising at the moment, they're going up because financial markets expect the Reserve Bank to lift interest rates long before its previous aim of 2024. That why Gareth Aird noted that, …