NAB says borrowers will take next rate rise in their stride
National Australia Bank says borrowers are robust enough to withstand another official interest rate rise on Melbourne Cup day, providing cover for the Reserve Bank to escalate its fight against inflation.
The number of NAB customers reaching out to call centres is down 20 per cent, and inquiries about higher interest rates are 65 per cent off the peak reached earlier this year, the bank says, as customers adjust to the RBA’s tightening cycle by cutting back on dining out, fuel and leisure travel.
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