Interest Rates 2024 Australia. America’s central bank has cut us interest rates by half a percentage point. At its august 2024 meeting, the reserve bank board decided to hold the cash rate.

At its meeting today, the board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on exchange settlement balances. After almost two years of interest rates rising, many mortgage holders hope rates could be cut at some point in 2024.