At its final meeting of 2024, the Reserve Bank of Australia (RBA) maintained the cash rate at 4.35 per cent, a move that was aligned with expectations as headline inflation continued to ease.
Current indicators suggest a potential cash rate reduction in the first half of 2025.
That concludes the cash rate decisions for 2024, with the rate remaining unchanged throughout the year.
The next Consumer Price Index (CPI) figures will be released on January 29, drawing significant attention ahead of the RBA’s first meeting of 2025, scheduled for February 17-18.
Among the big four banks, only one predicts a cash rate cut in February, while the others anticipate a reduction in May.
About the writer
Ian Pepper has had a long and distinguished career as a finance and real estate professional. Originally trained as a Chartered Accountant in 1995, Ian worked in Sydney and London. He has an MBA from Macquarie Graduate School of Management and now sells real estate with Ray White Helensburgh. Ian also volunteers with local community groups including school P&Cs, sporting clubs and business chambers.
