May 8, 2024

NAB Markets – Interest Rate Update May 2024 Post RBA Decision

The RBA cash rate remains on hold at 4.35%. NAB Markets discuss the May RBA cash rate decision, what this means for interest rates, and how NAB can support our business banking clients in managing this risk.

The Reserve Bank of Australia has been on pause since moving rates from 4.10% to 4.35% in November 2023. Recent CPI data has shown that the ‘Inflation Beast’ may not have been defeated and talk of any rate cuts this calendar year may have been premature.

Tapas Strickland, Head of Market Economics, James Sheehan, Head of Markets NSW/ACT, and Dan Farrell, State Director NSW, discuss the recent RBA meeting and the interest rate outlook, inflation, geopolitical risks, how our economy is performing, and how NAB Markets support commercial borrowers in managing interest rate risk.


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Download a copy of the economic presentation: Economic Presentation 20240507 Tapas Strickland