NAB joins CBA and Westpac in flagging firm Australian underlying inflation for April
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NAB forecasts Australian April headline CPI easing to 4.4% on fuel excise relief, but warns of broadening cost pass-through with trimmed mean seen at 3.4%, risk skewed higher. Summary: NAB forecasts headline CPI falling to 4.4% in April from 4.6%, driven by a roughly 7% monthly d
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NAB calls June RBA hike to 4.60% as Middle East inflation compounds domestic pressures
The desk anticipates a rate hike from the RBA to 4.60% in June, driven by escalating inflation pressures both domestically and from the Middle East conflict. Per the full note [source], NAB's analysis highlights that the RBA cannot afford to let inflation run unchecked, especially following a significant rise in purchase costs reported in their March Business Survey. This view diverges sharply from peers like ING and CBA, who expect a pause after the recent hike to 4.35%. The upcoming RBA meeting on June 15-16 will be pivotal in determining market sentiment around these forecasts.
Australia August CPI 4.0% as fuel jumps, trimmed mean below forecast at 0.2% m/m - investingLive
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