Will Interest Rates Go Down In 2024 Australia. Nab forecasts interest rates to continue falling after its forecast first cut in may. Amp chief economist shane oliver predicted there will be three rate cuts in 2024, starting in june, but he said rates would not go down as fast or as far as they had risen in recent years.

Official interest rates will come down when inflation reaches the rba target band of 2% to 3%, most likely in late 2024 to early 2025. Amp chief economist shane oliver predicted there will be three rate cuts in 2024, starting in june, but he said rates would not go down as fast or as far as they had risen in recent years.