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How Many Rate Cuts are on our Bingo Card for 2025?

The last time the RBA moved the cash rate was in November of 2023 and it was in an upwards direction. Since then, it has remained at a constant 4.35%. As we enter 2025, there has been much chatter surrounding the possibility of this year being the year of the Rate Cut. But when could this likely occur?

The next time the RBA meet will be on February 18th, and many are already making their prediction as to what the outcome will be including the Big Four Banks. This is what their stance currently is.

ANZ

Economists at ANZ are predicting that next month we will see a rate cut along with two more in the current cycle.

CBA

CBA Economists believe the cash rate has peaked with the first of four rate cuts in the current cycle will occur next month.

NAB

Economists at NAB feel February will bring a rate cut and a further five are likely to be announced in the current cycle.

Westpac

Westpac’s Chief Economist has predicted that the first of four rate cuts for this cycle will kick off in February.

When will the RBA Board Meet in 2025?

Last year, the RBA made the decision to change its meeting schedule from the first Tuesday of the month (excluding January) to eight times a year for two days at a time. This was put in place to give the board more time to consider decisions.

The RBA will meet in 2025 on the following dates:

  • 17-18 February
  • 31 March – 1 April
  • 19-20 May
  • 7-8 July
  • 11-12 August
  • 29-30 September
  • 3-4 November
  • 8-9 December

Money markets are also suggesting a greater than 75% chance of a rate cut in February adding further weight to the possibility of rates being relaxed. However if rates are cut by the RBA it will be interesting to see if lenders in turn pass them on in full.

Most mortgage holders will be watching closely to see the outcome of the next RBA meeting and whatever the result, we urge you to contact your Blackburne Mortgage Broker to see how we can save you money on your home loan and make 2025 a great one for your finances.

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