Two weeks ago, NAB said the RBA would slash rates by 50 basis points.
We got 25.
Then they said, “Let’s go again in July.”
This week, inflation nudged up, and CBA responded instantly: “Don’t expect another cut just yet.”
Same data. Two major banks. Two completely different forecasts.
Meanwhile, the RBA Governor quietly said: “If property prices rise during this rate-cutting cycle… so be it.”
And that pretty much sums up the moment we’re in:
Big calls. Swift reversals. So much noise.
Then you open the AFR and read: “Homebuyer FOMO ramps up after rate cut.”
Really?






