Welcome to CoreLogic’s housing market update for December 2023.
Strong CPI to bring forward first rate increase to May.
On the back of today’s very strong Q1 CPI data, NAB now expects the RBA will raise the cash rate target by 15bps at next week’s May Board meeting. Further 25bp increases in June, July, August, and November will take the cash rate target to 1.25% by year’s end.
For further details, please see the NAB Monetary Policy Update – 27 April 2022
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