Rate cuts may be pushed back to 2025: ANZ CEO

Mortgage owners might have to wait until next year for any interest rate reprieve. ANZ's top boss said the central bank will be weighing up the inflationary impact of upcoming tax cuts before making a move on bringing interest rates down. Chief Executive Shayne Elliott said tax cuts would equal around two rate cuts and that the RBA would want to see how that money is being spent before making a move. He also said a further hike in rates was not off the table. The big banks remain adamant about a rate cut sometime in the last quarter of this year.