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National Australia Bank forecast RBA peak cash rate at 3.6%, held there until early 2024

Started by forex4you, Nov 16, 2022, 04:06 am

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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

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