Borrowers on edge as bank hints interest rates could climb again
NAB has become the first major bank to lift fixed mortgage rates since May's cash rate increase, fuelling fresh concerns Australian borrowers could face higher interest rates for longer.
Fixed term rates can serve as a 'canary in the coalmine' when it comes interest rate projections, and the NAB has just given a hint of what might be ahead. (Image source: Nils Versemann/Shutterstock.com)
The NAB has sent a subtle but unmistakeable signal that Aussie borrowers should still be bracing for further interest rate hikes in 2026.
The big four bank on Friday (29 May) became the first major bank to move fixed rates since the May cash rate rise. It hiked its short-term fixed rates by 0.15 percentage points, the first big bank to move fixed rates since the 5 May cash rate rise
.The move comes amid market expectations of a cash rate hold n…
