NAB boss forecasts ‘three or four’ interest rate hikes in 2022

NAB CEO Ross McEwan says he expects there to be around ‘three or four’ interest rate rises this year.

It comes after 18 consecutive cuts to the interest rate over 12 years.

“I see that between now and the end of the year you’re probably going to get three or four interest rate rises between 15 and 25 basis points,” Mr McEwan told Tom Elliott on 3AW Mornings.

“So what we call the overnight cash rate will be at about one per cent, and that does impact on the borrowings people have on their home.”

Press PLAY to hear more from NAB CEO Ross McEwan below

Image: iStock by Getty