‘Almost certain’ Reserve Bank will cut rates ‘towards the end of the year’

Bondi Partners Senior Advisor Peter McGauran says interest rates will “almost certainly” be cut “towards the end of the year” if inflation continues to fall throughout 2024. The likelihood of another rate hike by the Reserve Bank has all but been ruled out after inflation dropped to 4.1 per cent in the year to the December quarter. “The December quarter inflation rate was 4.1 per cent; the Reserve Bank was expecting 4.3,” Mr McGauran told Sky News Australia. “Now the clamouring is for them to begin to reduce interest rates. “Will there be interest rate cuts towards the end of the year? Almost certainly if we continue in this way.”