Projected Interest Rates 2024 Australia Time. If the rba did hike interest rates again, canstar calculated a 0.25 per cent hike would cost a borrower around $100 extra per month on a $600,000 loan. The cash rate target graph and table below display interactive information.

Anz has predicted a peak of 4.35 per cent by august. Among australia’s big four banks, which dominate the home loans market, economists at both commonwealth bank and westpac currently expect the rba to start.