Oil prices see money markets bet on two more RBA hikes for 2026; NAB see CPI @ 5%

Oil Shock Puts Two RBA Hikes Back on the Table

Why Rate Hike Bets Just Jumped Australia’s major banks and economists are rapidly repricing their interest rate expectations, with NAB and Westpac now forecasting two rate hikes in March and May. If that plays out, the official cash rate would rise from 3.85% to 4.35%. The main driver behind this shift is the sharp rise…

Oil prices see money markets bet on two more RBA hikes for 2026; NAB see CPI @ 5%

Despite earlier this week claiming that Australian CPI could hit 5% by the middle of the year, National Australia Bank’s (ASX:NAB) chief economist Sally Auld has now suggested a March hike from the RBA could be “too soon.” Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. While this HotCopper finance journalist tries to figure out how the hell…