All quiet for Presidents Day
NAB Morning Call
00:00
Tapas, Catch You Later, Mate.
If they hike by 50 basis points, that will get them to 4.75%. When you look at their dot plot or their terminal projected internally, I think back in the prior meeting, they're expecting to get to about 5.5%. So getting closer and just given the uncertainties in the economy, particularly after all the cyclone activity and the weaker than expected data that we have seen from New Zealand,. We expect that projected rate peak to come down by about 25 basis points in the latest projections. That's it for today. Back again tomorrow morning.
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