The Reserve Bank says households are surviving its repeated interest rate rises, but three percent of owner occupiers are now in a serious financial trouble.
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.
‘We want to ensure Australia’s central bank remains world class with a monetary policy framework fit to meet our current and future economic challenges.’