NAB analysis explains the RBA's unanimous June cash rate hold, with inflation still the main focus for policy makers.
RBA Watch: NAB now expects the RBA to increase rates in June - NAB
05 May 2026
Interest Rates Economy and Markets
Outlook signals potential rate hike
Key points
- We now expect the RBA to lift rates again in June, taking the cash rate to 4.60%.
- The decision in May by the RBA Monetary Policy Board, while not quite unanimous, showed a clear preference to prioritise the price stability.
The RBA continues to face the challenge of already above target inflation, with second-round pressures from higher oil prices to flow through relatively quickly.
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RBA Watch: NAB now expects the RBA to increase rates in June (PDF, 296KB)
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