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Australia's NAB Removes August Rate Hike Forecast, Projects RBA Cash Rate to 3.6% by End of 2027

2026-06-09 03:37:21

Australia's National Australia Bank (NAB) revised its monetary policy outlook on June 9, no longer forecasting a 25 basis point rate hike from the Reserve Bank of Australia in August. The bank expects the next move in the official cash rate will be a cut, though timing remains uncertain. NAB now projects the official cash rate will decline to 3.6% by the end of 2027.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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