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Westpac, NAB, ANZ and the Commonwealth Bank of Australia are all predicting there will be two 0.50 percentage point hikes in both August and September. Credit: The West Australian
NAB expects the cash rate to sit at 2.85 per cent in November following two consecutive 0.50 percentage point increases in August and September. NCA NewsWire/Kelly Barnes Credit: News Corp AustraliaRateCity research director Sally Tindall warned Australian borrowers to ‘brace for more rate pain’. Credit: SuppliedWestpac forecasts the cash rate will rise above three per cent by early 2023. NCA NewsWire/Christian Gilles Credit: News Corp Australia
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