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Confidence sinks as NAB predicts rates to hit 4.1pc

Michael Read
Michael ReadEconomics correspondent

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Major companies including Breville say it is getting harder to push through higher prices, amid a plunge in consumer confidence and warnings from NAB that interest rates will need to rise to 4.1 per cent to tackle inflation.

The warnings follow market updates last week from big players such as Boral, Suncorp and Amcor highlighting the persistence of inflation and flagging more price rises down the track.

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    Original URL: https://www.afr.com/policy/economy/confidence-sinks-as-nab-predicts-rates-to-hit-4-1pc-20230214-p5ckcr