Tag: Interest Rate Cuts

NAB CEO Andrew Irvine predicts three interest rate cuts in 2025, bringing hope to mortgage holders facing the RBA’s 4.35% cash rate

Consumer confidence fell by five percent in March, as Australians worry about rising interest rates and falling employment levels.

Businesses have welcomed news of a surprise jump in consumer sentiment, as the number of optimists outweighs the number of pessimists for the first time in some months.

Two consecutive interest rate cuts have failed to boost post-Christmas consumer sentiment, a result economists have called “disappointing.” But slowing inflation means businesses may benefit from more rate cuts in the months to come.

Brad Callaughan looks at whether you should be fixing your interest rate.

“The RBA will need to cut rates to keep the economy going, especially coming into Christmas…”

Consumer sentiment has jumped 6.3 percent this month, thanks largely to the Reserve Bank’s decision to cut interest rates.

Business conditions recovered slightly last month, according to the NAB’s monthly business survey, as many organisations begin to benefit from rising sales, the lower dollar and potential interest rate cuts.

The retail industry experienced some much needed growth in the month of January, off the back of extended retail sale periods, along with the Government’s December stimulus package.