NAB expects the RBA to raise rates by 25 bps to 4.6% in September - Newsquawk
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NAB expects the RBA to raise rates by 25 bps to 4.6% in September Newsquawk
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4 itemsRBA set to hike to 4.35% today. NAB sees cash rate peaking near 4.6%.
The Reserve Bank of Australia (RBA) is poised to increase its cash rate by 25 basis points to 4.35%, with National Australia Bank (NAB) projecting a terminal rate of approximately 4.6% due to persistent energy-driven inflation and robust domestic growth. Per the full note [source], this hike would effectively reverse the easing cycle initiated in 2025, reflecting the RBA's commitment to addressing inflation pressures that have intensified amid geopolitical tensions. The upcoming Statement on Monetary Policy (SOMP) is expected to revise growth forecasts downward while raising inflation expectations, indicating a complex economic landscape ahead.
NAB on RBA wording shift: Outlook relatively even handed, sees first rate cut mid-2027 - investingLive
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