National Australia Bank revised its forecast for Reserve Bank of Australia rate hikes yesterday.

In summary:

  • expects additional 50bp hikes in July and August
  • then +25bp November
  • sees the pace of hikes slowing in 2023, with two 25bp increases, taking the cash rate to 2.60%.

RBA cash rate target is currently 0.85 (after Tuesday's rise):

rba cash rate point 85 percent 09 June 2022