Rates to rise further as strong growth continues

Strong CPI to bring forward first rate increase to May.

Rate rises set for June as strong growth continues.

RBA to hike rates in June, July, August and November, followed by a more gradual path through 2023 and 2024.

Unemployment to fall below 4%; inflation risks build.

NAB now sees the first rate hike coming in August; Gradual normalisation to follow through in 2023 and 2024.

Strong rebound slowed by Omicron as inflation builds.

RBA to hike in November, QE to end in February as expected.

Activity snaps back in Q4, pre-Delta GDP within reach

Rates lift-off brought forward as rebound begins.

NAB brings forward rate rise timing to mid-2023; YCC to end in November given the RBA’s lack of commitment; QE to end in February.

NAB re-affirms its 2024 rate call and expects economic activity to rebound strongly as restrictions are eased.

Waiting for the rebound after Q3 lockdowns.

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