NAB Ditches Forecast for Rate Cuts in 2025

NAB ditches forecast for rate cuts in 2025

NAB has ditched forecasts of a further two interest rate cuts as the Reserve Bank of Australia (RBA) board prepares for next week's meeting on the cash rate.The change came after yesterday's ABS figures showed inflation hit a 12-month high for the month of August. The annual trimmed mean inflation, the RBA's preferred measure of underlying inflation, was at 2.6 per cent for the month.READ MORE: Headline inflation rises to highest level in 12 m…

Don’t count on an interest rate cut until next year. NAB Forecast

Don't expect a rate cut any time soon. The latest CPI figures have put a pin in that. The monthly Consumer Price Index (CPI) indicator rose 3.0% in August, up from 2.8% in the previous month, to the highest level since July 2024. This figure suggests there is meaningfully more inflation pressure in the domestic...