NAB chief economist is tipping inflation will be back in the target band by years end. It will be an awkward time for lenders when rates start to come down towards the end of this year or early 2024.
Interest rates have an elastic quality, as does inflation unless inflation is met with wages growth. The more aggressive the rises, normally the more aggressive the falls.
Ann: WZR H1FY23 Company Presentation, page-5
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