Rising global energy prices could make it harder for central banks to bring inflation under control and increase the risk that interest rates stay higher for longer, according to NAB Chief Economist Dr Sally Auld.
Business confidence unwound gains over the past two months, falling 4pts (unrounded) in February. Business confidence is now in negative territory for the first time in almost a year, likely reflecting some caution in the wake of the February rate hike.
Business conditions were flat in the month as a 1pt rise in trading conditions was offset by a 2pt fall in employment.
NAB launches new campaign 'Your Partner for Every Stage'
NAB has launched ‘Your Partner for Every Stage’, a new enterprise-wide campaign that brings together the bank’s marketing under its ‘More than Money’ brand promise. For the first time, all of NAB’s marketing efforts are aligned under a single creative platform, ensuring a consistent and powerful message across every customer touchpoint.