• NAB expects Australian interest rates have peaked following five RBA increases this year, with policy now restrictive enough to slow economic activity.
• Higher-than-forecast inflation could trigger further tightening despite weakening growth, negative business conditions and fading household spending momentum.
• November’s rate increase passed 6-3, versus September’s unanimous 9-0 vote, signaling greater concern about downside economic risks.
• Slower AI infrastructure investment could reduce excess-capacity risks, while US tariffs are likely to persist despite the changed congressional balance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NAB - National Australia Bank Ltd. published the original content used to generate this news brief on November 09, 2026, and is solely responsible for the information contained therein.