NAB CEO sees "more pain" for households
Bloomberg · 3 years ago
Bloomberg
3 years ago
National Australia Bank Chief Executive Officer Ross McEwan is expecting further interest rate increases next year as consumers face price rises on "everything they touch." McEwan says while there's currently no impact on loan arrears from surging inflation and higher borrowing costs in the country, 2023 will likely see that change. He spoke exclusively with Bloomberg's Haidi Stroud-Watts.
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Global Inflation Concerns
Inflation across the developed world is surging, with the rising cost of living expenses at the highest level since the 1980s.