Interest Rates 2024 Australia Forecast. Australians are increasingly optimistic that cost of living pressures are about to ease and expect to receive an interest rate cut soon, according to new polling. Median is for policy easing to start.

Interest rate in australia averaged 3.86 percent from 1990 until 2024, reaching an all time high of 17.50 percent in january of 1990 and a record low of 0.10 percent in november of 2020. Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards.