The ease in recent inflation figures discussed in the ABC video here indicates a reduced likelihood of interest rate rises - https://www.abc.net.au/news/2023-12-02/easing-inflation-reduces-the-likelihood-of-interest-rate-rise/103180710.
There is sentiment out there that the worst of interest rate increases may be over, and we may be looking at a rate reduction soon.
Is this just lip service from the media or are rate reductions likely? Keep an eye on fixed interest rates being offered by the banks in the coming days and weeks, as this may be a helpful indicator.
