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VIEW: NAB Remain Comfortable With Terminal Rate Call

RBA

NAB note that the “cash rate and the energy shock plus global central banking moves are behind NAB’s forecasts of considerably slower economic growth around the world and in Australia over 2023.”

  • “NAB remains comfortable with its 3.10%, slightly restrictive, cash rate forecast for end 2022 or in February with a likely pause over the Christmas period to get a better idea of the impact of this year’s rapid rate rises on the economy. The RBA can then come back with fresh eyes, a fully refreshed set of forecasts and greater clarity on global developments in February if it feels it has more work to.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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