The Commonwealth Bank is now warning Australian borrowers to prepare for a possible rise in interest rates.Australia's largest property lender has changed its forecasts to say there will be just one rate cut in 2024, rather than three as recently predicted.However, Gareth Aird, head of Australian economics at the CBA, said a rate hike could not be ruled out in the coming months as underlying inflation metrics were still high.Another rate hike in 2024 would push the key rate to 4.6 percent, the... Read this story
