NAB Group CEO Andrew Irvine has shared his reflections on the economy for the year ahead, saying Australians continue to have many reasons to feel optimistic.
We now expect the RBA to increase the policy rate by 25bp in February. This is likely to be followed by another 25bp increase in May, taking the cash rate to 4.1%.
NAB economists still expect a soft landing for the Australian economy, though see the RBA on the sidelines with growth already at trend and little-to-no spare capacity in the economy.
Business sentiment continued to improve in the September quarter, with NAB’s Q3 2025 Quarterly Business Survey showing a broad-based lift in conditions and confidence, supported by stronger profitability and employment outcomes.
The September NAB Monthly Business Survey shows business confidence and conditions holding firm, indicating the economy has sustained momentum from earlier in the year.
