National Australia Bank had been forecasting yesterday's RBA cash rate hike months in advance, well ahead of nearly all other analysts.In brief from the NAB on what they expect from the RBA ahead:We now expect another 25bp hike most likely in February after the Q4 CPI, and we also think rates cuts are unlikely to begin until November 2024 (previously August 2024)A bit more details, summary key points:The RBA delivered on expectations for a rate rise at its November meeting – taking the cash rate to 4.35%. Reflecting recent data, the staff’s inflation outlook has been revised up and we now see one further rise as likely to balance the risks, pencilling in a 4.6% rate peak in February, though
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