RBA set to hike to 4.35% today. NAB sees cash rate peaking near 4.6%.
Investinglive·- The National Australia Bank anticipates a 25 basis point increase in the cash rate to 4.35% from the Reserve Bank of Australia, reflecting rising energy-driven inflation. - Updated forecasts suggest a terminal rate of approximately 4.6%, higher than previous expectations due to persistent inflation pressures and domestic growth exceeding potential levels. - This anticipated rate hike marks a reversal prior to 2025 rate cuts, potentially impacting mortgage rates and the Australian dollar, while signaling increased challenges for interest-sensitive sectors.