Experts predicted interest rate cuts of at least 25 basis points in 2024 … but they haven’t happened.
Now, the big four banks – CBA, ANZ, NAB and Westpac – are split on when the Reserve Bank of Australia (RBA) will issue its first rate cut in 2025. CBA and ANZ forecast it will happen in February 2025, but NAB and Westpac have tipped rates will not move until May 2025.
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