Three major banks predict interest rates to fall next year – as it happened (opens original article in a new tab)

Three major Australian banks predict interest rates will fall next year, with ANZ forecasting two cash rate cuts in 2027, while Westpac expects a rate hike this year. Financial markets remain divided on the likelihood of rate changes.

• ANZ predicts two cash rate cuts in 2027, reversing previous expectations of steady rates.
• Westpac expects a rate hike in August and September 2024, with no cuts until 2028.
• HSBC's Paul Bloxham expects no rate changes until late 2027, citing ongoing inflation concerns.