Technical Analysis

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

The latest from NAB on the Reserve Bank of Australia.

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

Nab adds it forecasts real GDP to:

  • below 1% over thee next 2 years

NAB sees:

  • “very soft” quarterly growth in the “back end of 2023 … well below trend growth of around 2.25-2.5%”

NAb is one of Australia’s ‘big 4’ banks

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