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Why NAB thinks rates will stay high until mid 2025

With a per capita recession currently underway, renters and mortgage holders are feeling the pinch. But the economy appears to be holding up better than expected in many areas, and inflation is still far from the target band. So what now?
Gemma Dale | nabtrade
24 July 2024
Created by potrace 1.15, written by Peter Selinger 2001-2017 44 min listen

NAB's Head of Australian Economics Gareth Spence joins the podcast to discuss:

  • the outlook for inflation, unemployment and more
  • why the distribution of economic pain isn’t equal
  • which factors the RBA is keeping a close eye on, and
  • why rates are likely to stay much higher than originally anticipated for a while to come.

You can access this and previous episodes of the Your Wealth podcast now on iTunes, Podbean, Spotify.

If you’re short on time, consider listening at 1.5-2x speed, which should be shown on the screen of your device as you listen. This won’t just reduce your listening time; it has also been shown to improve knowledge retention.

Your Wealth Gemma Dale
About the Author
Gemma Dale , nabtrade

Gemma Dale is Director of SMSF and Investor Behaviour at nabtrade. She is the host of the Your Wealth podcast, a fortnightly podcast for investors, featuring insights and updates from markets and finance experts across a range of topics. She provides regular market and finance commentary on ausbiz and in other media including AFR, the Australian, ABC and commercial tv and radio. Gemma was previously the Head of SMSF Solutions for nab, and the Head of Technical Services for MLC, where she led a team of specialists providing advice to advisers and their clients on SMSF, super, tax, social security and aged care.