It could have been bigger

NAB Morning Call · May 20, 2025 · 18m

Wednesday 21st May 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABBond yields fell significantly in Australia yesterday after the RBA’s rate cut. NAB’s Sally Auld says markets were divided as to what the central bank would do - some even thought they would keep rates on hold. NAB made the call for a 50bp cut, whereas ultimately it was just 25bp, but Sally says she feels somewhat vindicated because the board did discuss a larger move down. Phil asks whether by the year end we could see a situation where the RBA has moved markedly lower, whilst…