Interest rates are on hold but what are the other key indicators for the year ahead? We break it down.
RBA rushing to neutral, rates to reach 2.10% by year-end.
In light of the RBA’s 50bp June rate rise and newly revealed preference to quickly normalise policy – as well as expected high inflation prints in Q2 and Q3 – we have revised up our cash rate profile. We expect additional 50bp rises in July and August to take the target to 1.85%, with a further 25bp November rise to 2.10% by year-end.
For further details, please see the NAB Monetary Policy Update – 8 June 2022
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