In late November 2024 ANZ said it expected the first rate cut in May 2025. It was the third big bank to push its forecast back.
Key Facts
- Bank: ANZ
- Old forecast: February 2025
- New forecast: May 2025
- Third big four bank to delay
- Later: the RBA cut in February 2025
Why ANZ Changed
ANZ changed its forecast as the outlook for inflation shifted.
Update
The RBA cut the cash rate to 4.10% in February 2025, sooner than ANZ expected.
Frequently Asked Questions
When did ANZ expect a cut?
May 2025.
When did the RBA cut?
February 2025.
What was the new rate?
4.10%.
Conclusion
In the end, the cut came earlier than ANZ thought.
Related reads: RBA Lowers Interest Rates for First Time in Four Years | Relief for Borrowers; The economy of Australia is will be helped by the private sector’s lead in growth.
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