Australia’s Official Cash Rate Unlikely to Increase in 2024: OECD

The OECD predicts Australia’s official cash rate to remain at 4.35 percent before dropping 0.75 percent between the third quarter of 2024 and the end of 2025.

Guests arrive at the OECD headquarters in Paris, France, on Nov. 27, 2013. Antoine Antoniol/Getty Images

The Organisation for Economic Co-operation and Development (OECD) says Australians are unlikely to experience any more interest rate rises in 2024.

In a newly released global economic outlook report, the OECD outlined its forecasts for Australia’s economic conditions in the next two years and the likely actions of the Reserve Bank of Australia (RBA).