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AAP
AAP
Jacob Shteyman

Forecasters dial up rate bets as banks prepare to hike

Reserve Bank RBA Jim Chalmers Michele Bullock Stephen Smith Australia Bianca De Marchi Economy Inflation
All of Australia's 'big four' banks plan to pass on the rate rise to customers in coming weeks. (Joel Carrett/AAP PHOTOS)

Borrowers about to see their mortgage repayments rise can expect more rate hikes in 2026, with Commonwealth Bank joining NAB in doubling down on its cash rate forecast.

Following the Reserve Bank's widely-anticipated rate hike on Tuesday, plus the release of pessimistic economic forecasts by the central bank's staff, CBA added another rate rise in May to its outlook.

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