ANZ first big bank to push prediction of Reserve Bank interest rate cut into 2025
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ANZ became the first of the big four banks to push their prediction of a Reserve Bank interest rate cut into 2025, adding to signs mortgage relief may still be some way off.
The bank now expects the first RBA cash rate reduction to come in February. Until Monday, the ANZ was in line with CBA, NAB and Westpac in forecasting that a cut would land this November.
Continue reading…ANZ first big bank to push prediction of Reserve Bank interest rate cut into 2025Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastANZ became the first of the big four banks to push their prediction of a Reserve Bank interest rate cut into 2025, adding to signs mortgage relief may still be some way off.The bank now expects the first RBA cash rate reduction to come in February. Until Monday, the ANZ was in line with CBA, NAB and Westpac in forecasting that a cut would land this November.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…