Institutions: The Reserve Bank of Australia is expected to start cutting interest rates before May, with three rate cuts this year.

Odaily Planet Daily News According to Shane Oliver, Chief Economist of Financial Service company AMP, after the 4.9% pump in Australian house prices in 2024, the average house price in 2025 is expected to pump by around 3%. However, he said that the performance of this year will be divided into two parts. Due to high interest rates and rising unemployment rates, the situation in the first few months was weak, but the situation improved in the second half of the year, as lower interest rates will eventually have a boosting effect. Oliver believes that the Reserve Bank of Australia will start cutting interest rates before May and is expected to cut interest rates three times this year, by 25 basis points each time. (Jinshi)