{"id":160928,"date":"2025-09-26T05:19:07","date_gmt":"2025-09-26T05:19:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/160928\/"},"modified":"2025-09-26T05:19:07","modified_gmt":"2025-09-26T05:19:07","slug":"rba-preview-markets-in-unison-but-2025-is-stacked-with-surprises","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/160928\/","title":{"rendered":"RBA preview: Markets in unison, but 2025 is stacked with surprises"},"content":{"rendered":"<p dir=\"ltr\">NAB has taken things further by pushing its forecast for the RBA\u2019s next rate cut <a href=\"https:\/\/www.mpamag.com\/au\/news\/general\/cash-rate-cut-wont-come-until-may-says-nab\/550896\" target=\"_blank\" rel=\"nofollow noopener\">to May 2026<\/a>, following those stronger-than-expected inflation figures earlier in the week. Previously, NAB had tipped a rate cut as early as November, then February, but now sees further easing delayed amid persistent inflation pressures.<\/p>\n<p>November rate cut on the cards<\/p>\n<p dir=\"ltr\">While NAB has adjusted its outlook, <a href=\"https:\/\/www.mpamag.com\/au\/companies\/cba\/308061\" rel=\"nofollow noopener\" target=\"_blank\">CBA<\/a>, Westpac, and ANZ still forecast a November cut.\u00a0<\/p>\n<p dir=\"ltr\">CBA sees the cash rate dropping to 3.35%, but admits the data may delay that move. Westpac has pulled back its near-term expectations, citing stubborn inflation in services. ANZ now predicts the RBA will hold through 2025 unless labour market conditions worsen.<\/p>\n<p dir=\"ltr\">Yet\u00a0CBA is also growing hawkish, warning that a November cut is \u201cby no means guaranteed and will be highly dependent on the data flow from here\u201d.<\/p>\n<p dir=\"ltr\">ANZ, meanwhile, reasserted its hold through to 2026 stance today, saying in a research note: \u201cThere is now a real risk of no rate cut in November, with the near-term path for rates highly data dependent (with the RBA also likely to make that latter point next week).\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"NAB has taken things further by pushing its forecast for the RBA\u2019s next rate cut to May 2026,&hellip;\n","protected":false},"author":2,"featured_media":160929,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[84,73169,4813,467,9918,56,54,55],"class_list":["post-160928","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-cash-rate-cut","tag-interest-rate","tag-markets","tag-rba","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/160928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=160928"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/160928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/160929"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=160928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=160928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=160928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}