NAB pushes out first rate cuts to May 2025 as “lower for longer” strategy plays out
Insight
June 19, 2024
NAB Markets – Interest Rate Update June 2024 Post RBA Decision
The RBA cash rate remains on hold at 4.35%. NAB Markets discuss the June RBA cash rate decision, what this means for interest rates, and how NAB can support our business banking clients in managing this risk.
At the June 2024 RBA meeting, the board made the decision to keep the cash rate on hold at 4.35%, however noting the inflation threat to living standards remains a key concern.
Tapas Strickland, Head of Market Economics, James Sheehan, Head of Markets NSW/ACT, and Dan Farrell, State Director NSW, discuss the recent RBA meeting, what this means for the pathway for interest rates, and how NAB Markets support commercial borrowers in managing interest rate risk.
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