National Australia Bank forecast RBA peak cash rate at 3.6%, held there until early 2024<p>The latest from NAB on the Reserve Bank of Australia. </p><p>NAB forecast the RBA will take its cash rate as high as 3.6% by March next year and will hold it there through until early in 2024</p><p>Nab adds it forecasts real GDP to:</p><ul><li>below 1% over thee next 2 years</li></ul><p>NAB sees:</p><ul><li> "very soft" quarterly growth in the "back end of 2023 ... well below trend growth of around 2.25-2.5%"</li></ul><p>NAb is one of Australia's 'big 4' banks</p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: National Australia Bank forecast RBA peak cash rate at 3.6%, held there until early 2024 (https://forexlive.com/centralbank/national-australia-bank-forecast-rba-peak-cash-rate-at-36-held-there-until-early-2024-20221115/https://forexlive.com/centralbank/national-australia-bank-forecast-rba-peak-cash-rate-at-36-held-there-until-early-2024-20221115/)
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