Interest Rate Cuts 2024 Australian Government. Tens of billions of dollars of extra federal and state government spending have added to inflation pressures and must be cut to limit the reserve bank of. Implications for the australian economy as the reserve bank’s cash rate.

By business editor ian verrender. While it is premature to expect local rate cuts in the short term, money markets are now pricing in two 0.25 of a percentage point interest rate reductions by the.