NAB chief economist Auld flags widely expected 25-bp RBA rate hike in podcast interview
TLT•NAB Chief Economist Sally Auld said a 25-basis-point RBA rate hike was widely expected. NAB expected a strong monthly inflation reading on Wednesday, while businesses faced intensifying cost pressures and thin margins.
1. Rate hike expectations
NAB Chief Economist Sally Auld said in a podcast interview that a 25-basis-point RBA rate hike was widely expected. NAB expected a strong monthly inflation reading on Wednesday, with “ugly” August inflation numbers flagged.
2. Business cost pressures
Businesses faced intensifying cost pressures, and thin margins limited options beyond passing costs through to customers.
