NAB now expects RBA to raise cash rate 25 basis points in November
Bitget2026/10/28 05:25- NAB now expects the Reserve Bank of Australia to raise the cash rate 25 basis points to 4.85% in November.
- The forecast reflects reassessed domestic capacity pressures, with underlying inflation materially above the central bank's August forecast.
- Third-quarter trimmed mean inflation reached 1% quarter-on-quarter and 3.7% year-on-year.
- Inflation remained broad-based, with 59% of the CPI basket rising above 3.5% on a three-month annualized basis.
- A pause is likely following November's increase, though persistent inflation risks would leave the tightening cycle's end uncertain.
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