Interest Rate Cuts 2024 Australia. After enduring a tough 18 months financially, many australians will be wondering how long interest rates will stay high and when households can expect some relief in the form. If a september rate cut comes to fruition, that means there will be about 14 months between the last rate hike and the first rate.

The reserve bank has kept rates on hold at its june meeting, leaving the cash rate at 4.35 per cent, as rba governor says she’s not expecting a recession. The reserve bank has made 13 rate rises.