Today the RBA clearly signalled it is contemplating lifting rates over coming months, removing language about being “patient” and pivoting the RBA to once again being forward looking. NAB now sees the RBA hiking in June and we will revise the interest rate track for the remainder of the year in next week’s monthly update. In this Weekly we update our analysis of the market path for rates and implications for households. We conclude households are well placed to handle the first phase of tightening that we expect this year and next (taking the cash rate to around 1.5-1.75%), but that a further move higher to 3% or ... (full story)