Rba Inflation Forecast 2024. Get the latest data and forecasts on australia's inflation rate, which rose to 3.8% yoy in q2 of 2024, the first increase since q4 of 2022. The cash rate remains unchanged to support inflation and the board will rely on data and risks to guide its decisions.

The likelihood of an rba cut in december increased slightly to 72%.  — instead of hikes, however, rba governor michele bullock is coming under increasing pressure to cut rates later this year, despite doubling down on her claim the.