Change is a constant in our global environment, but that's all the more reason to keep moving forward on your terms.
Article
April 10, 2025
NAB Monetary Policy Update – 10 April 2025
A fast return to neutral and additional support
Key points
- We now see the RBA easing more quickly through mid-2025 taking the cash rate to 2.6% by February.
- We expect the RBA to cut by 50bps in May, followed by 25bps in July, August, November and February.
- Headwinds from the global environment have intensified, but error bounds around our forecast are large given uncertainty remains exceptionally elevated.
- We have slightly revised up our unemployment rate in the near term, and shaved growth for 2025 but ultimately expect a larger policy response is required to keep activity on track.
For further details, please see the NAB Monetary Policy Update (10 April 2025)
