NAB said it now expects the RBA to raise rates in both March and May, taking the cash rate to a peak of 4.35%. The bank previously expected one hike in May and a 4.1% peak. NAB cited robust growth, a too-tight labour market and too-high inflation as factors supporting further tightening. It also pointed to new upside pressure on inflation, with the outlook sensitive to oil prices and domestic data. NAB continues to expect gradual easing back towards more neutral levels from H2 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NAB - National Australia Bank Ltd. published the original content used to generate this news brief on March 11, 2026, and is solely responsible for the information contained therein.