Weekend Edition: Risky Business, Confusing Times
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Friday November 10th 2023
Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.
With the risk of interest rates going even higher, and a slug of the Australian population yet to move onto variable loans, are we about to see a sudden change in consumer spending as more households step off the fixed rate cliff. This week Sonia Straumann, NAB\\u2019s Executive, Credit Risk, says households have already modified their behaviour in readiness. But how much of their spending now is dependent on eating into cash reserves built up during the pandemic? And how will small businesses cope with a sustained period of lower consumption. Sonia says that\\u2019s one of the big risk factors, alongside commercial real estate, construction and farming. What else is keeping her awake at night?
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