Following the Reserve Bank of Australia’s decision to increase the official cash rate, NAB will makes changes to its variable home loan interest rates.
NAB Monetary Policy Update - NAB now expect hikes in March and May - NAB
11 March 2026
Interest Rates
Rates expected to rise further
Key points
- We now expect the RBA to raise rates in both March and May to a peak of 4.35% (previously one hike in May and 4.1% peak)
- The starting point of robust growth, a too-tight labour market and too-high inflation already supported further tightening.
- New upside pressure on inflation tips the balance in favour of an additional increase.
- Much will depend on the trajectory of oil prices and the domestic data flow, and we see two-sided risks around our new central case for a 4.35% peak.
- We continue to expect gradual easing back towards more neutral levels from H2 2027.
For further detail, please see the latest NAB Monetary Policy Update (PDF, 437KB).
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