03 Oct
03Oct

It's the question all of Australia – particularly the 3.2 million mortgage holders who owe a combined $2.2 trillion – desperately want an answer to: what's going to happen to interest rates?

Predicting the cash rate is a notoriously fickle task, and the Reserve Bank is now particularly careful about providing any public indication of which way it will move, after former governor Philip Lowe's infamous 2021 prediction that the rate was very likely to remain "at its current level until at least 2024".

But there are still some facts and figures that indicate what interest rates could do – although there's no guarantee any prediction will be accurate.

To read news in detail: https://www.9news.com.au/finance/interest-rates-predictions-australia-cash-rate-expectations-next-five-years-explainer/5e164901-e581-47be-93b1-c7ad943778ba

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