RBA Cash Rate Cut: ANZ Joins Call for February Reduction
2025-01-10
NewsWire
In a move that could bring relief to Aussie households, the ANZ has joined the Commonwealth Bank in predicting a cash rate cut from the current 4.35 per cent. The Reserve Bank of Australia (RBA) is set to make its decision on February 18, with many economists now expecting a reduction. This potential cut, which was initially anticipated for May, could have a significant impact on mortgage repayments and the overall Australian economy, providing a much-needed boost to the housing market and interest rates. With the ANZ on board, speculation is growing that the RBA will take action, sparking hope for a more affordable future for Australian homeowners and businesses alike, amid the current economic uncertainty and monetary policy discussions.