Weekend Edition: Risky Business, Confusing Times
Households are weathering the storm of higher interest rates, but NAB’s Sonia Straumann says small business and commercial real estate are areas of concern.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday November 10th 2023
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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’s 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’s 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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