National Australia Bank expect RBA on hold … until May 2025

National Australia Bank, from their latest NAB Business Pulse: August 2024:

• The cash rate is likely to remain stable at 4.35% out to May 2025, according to a recent NAB Economics outlook.
• Looking ahead, the NAB Economics team forecasts a drop to 3.6% by December 2025, falling still further in 2026.

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The Reserve Bank of Australia meet next on August 5 and 6, there is key data out just prior to that meeting:

• Australian CPI data due this week, a key critical input to next RBA interest rate deciison

Reserve Bank of Australia Governor Bullock

This article was written by Eamonn Sheridan at www.forexlive.com.