- NAB forecasts a 50 basis point interest rate reduction in May.
The National Australia Bank anticipates a significant interest rate reduction in May along with substantial assistance extending into the following year due to these circumstances. Donald Trump 's tariffs.
NAB Australia’s largest corporate lender experienced the Reserve Bank reducing interest rates by 50 basis points on May 20, decreasing the cash rate from 4.1 percent to 3.6 percent.
The RBA is also set to continue cutting interest rates in July, August, November, and February.
This would revert interest rates to 2.6 percent for the first time since November 2022.
The chief economist at NAB, Sally Auld, stated that the turmoil caused by Trump would compel the RBA to take action.
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