NAB Markets Insights Series (Metro) – Post August 2023 RBA Cash Rate Target Announcement
The RBA has continued to keep borrowers on their toes in deciding not to raise the official Cash Rate at the July meeting, leaving the target rate at 4.10%. In the statement of the meeting they noted “Some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe”.
Tapas Strickland, Head of Markets Economics NAB, James Sheehan, Head of Markets NSW/ACT Corporate Sales, and Tracy Ferguson, State Director Markets NSW, discuss what the Interest Rates pathway in the back half of 2023 holds, and how can NAB Markets support borrowers in managing this risk.
Watch the video