Experts forecast interest rate cuts remain 'months away'

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Some experts in the latest Finder survey believe a reduction in the cash rate won't happen until next year.

Despite lower than expected inflation, economists don't expect interest rate cuts until at least September, according to the Finder RBA Cash Rate Survey.READ MORE:Mortgaage holdiers should not expect interest rate cuts to begin until at least September, a new survey of financial experts has found.

They all believe the Reserve Bank of Australia will once again hold the cash rate at 4.35 per cent as it holds its two-day meeting from today. Graham Cooke, head of consumer research at Finder, said the cost of living crisis may be nearing its end

Source: Loan Digest (loandigest.net)

 

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