<\/p>\n
Inflation expected falling to central bank’s 2%-3% target range by end of 2025, from 3.5% in 3Q24.<\/p>\n
Fitch Ratings said it affirmed Australia’s long-term foreign currency issuer default rating at ‘AAA’ with a stable outlook.<\/p>\n
The rating agency said Australia’s rating is supported by the country’s high income per capita, strong medium-term GDP growth outlook, strong institutions and an effective policy framework.<\/p>\n
Those factors, however, are balanced against fiscal metrics that are expected to weaken modestly in the next two years.<\/p>\n
Fitch said it forecasts GDP growth slowing to 1.1% this year, from 2% last year, but expects growth to come in at 1.7% in 2025 and 2.1% 2026.<\/p>\n
“Consumption is likely to remain subdued as households contend with high interest rates, but an eventual recovery should be supported by tax cuts, probable monetary easing in 2025 and a healthy labour market, which should buoy household balance sheets,” it said in a statement.<\/p>\n
The ratings agency expects the country’s central bank, the Reserve Bank of Australia, to begin interest rate cuts in February 2025, with the policy rate reaching 3.50% by the end of 2025, from 4.35% rate that has been held steady since November 2023.<\/p>\n
Inflation is expected falling to the central bank’s 2%-3% target range by the end of next year, from 3.5% in the third quarter of this year.<\/p>\n
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Inflation expected falling to central bank’s 2%-3% target range by end of 2025, from 3.5% in 3Q24. Fitch Ratings said it affirmed Australia’s long-term foreign currency issuer default rating at ‘AAA’ with a stable outlook. The rating agency said Australia’s rating is supported by the country’s high income per capita, strong medium-term GDP growth outlook, […]<\/p>\n","protected":false},"author":1,"featured_media":2798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/Sydney-1-1000x445.jpeg",1000,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/Sydney-1-463x348.jpeg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/Sydney-1-300x200.jpeg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/Sydney-1.jpeg",1000,665,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=2797"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2797\/revisions"}],"predecessor-version":[{"id":2799,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2797\/revisions\/2799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/2798"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=2797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=2797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=2797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}