Amid the chaos of the tariff crisis and the dark clouds internationally, there is a potential silver lining for Australian mortgage holders.
Treasurer Jim Chalmers on Monday pointed out that the markets were expecting several cuts in Australia’s interest rates this year, including one next month. There has been one cut so far, in February.
“Markets are now expecting around four interest rate cuts in Australia this calendar year”, Chalmers told a news conference. There was even a “more than 50% expectation in the markets that the next Reserve Bank interest rate cut in May might be as big as 50 basis points”.
