Australian Interest Rates Forecast 2024. At the time of publishing, the current interest rate forecast for 2024 from the big four banks is that interest rates will. Interest rate in australia averaged 3.86 percent from 1990 until 2024, reaching an all time high of 17.50 percent in january of 1990 and a record low of 0.10 percent in november.

The reserve bank has kept interest rates on hold at 4.35 per cent. Australia to hike rates once more, then cut in 2024, poll shows.