NAB CEO expects RBA rate cut in ‘February or March’

NAB CEO Andrew Irvine expects the Reserve Bank of Australia to cut interest rates in “February or March” but says it “all depends” on what happens to inflation. “I think the economy has surprised on the upside,” Mr Irvine told Sky News Australia. “We’ve been talking the economy down for a while now, and yet employment levels continue to be robust; unemployment is low and inflation has proven to be stubborn. “Households are budgeting hard and paddling hard to stay afloat. “Our view is that we might get a rate cut in February or March – all depends on what happens to inflation between now and then.”