We forecast the global economy to grow by 2.9% in both 2025 and 2026 (previously 2¾% in both years).
Insight
May 20, 2025
NAB Monetary Policy Update – 20 May 2025
RBA cuts by 25bps and moves to more dovish stance
Key points
- The RBA cut by 25bps to 3.85%
- Final sentence of the post meeting statement now focussed on both sides of the mandate
- Forecast revisions are modest but supportive of more comfort moving away from restrictive policy than the February outlook
- NAB now expects a 25bp rate cut in July, August and November for a terminal rate of 3.1%
For further details, please see the NAB Monetary Policy Update (20 May 2025)
