⚠️ Are rate hikes done in this cycle? ⚠️
According to the majority of the Big 4 Banks economists, YES.
NAB release yesterday: "... predicting that the RBA's hiking cycle has concluded."
And forecasting the official cash rate to fall to 3.60% by the end of 2027 (currently 4.35% - so that's equivalent to 3 x 0.25% rate cuts)
Before everyone starts cheering, rate cuts often mean the economy needs support by doing so - i.e. it's not doing so good.
NAB's reasoning includes "Economic Drivers: The change in prediction is driven by a softer economic backdrop, easing conditions, and a clear contrast to early-year figures where the economy was growing above trend and operating above capacity."
Time will tell. Give us a call to discuss or get informed.
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