NAB slides nearly 3% as rate-hike chatter hits bank stocks ahead of Australia inflation print
Sydney, January 6, 2026, 17:38 (AEDT) — Market closed. National Australia Bank Ltd shares fell 3.0% on Tuesday, closing at A$41.28 and snapping a quiet start to the new year for Australia’s lenders. StockAnalysis The drop mattered because bank stocks are back to trading like “rates stocks” again: investors are recalibrating for the risk that the Reserve Bank of Australia keeps policy tight, or even hikes, if inflation proves sticky. ABC That repricing is immediate. Australia’s benchmark share index slipped 0.92% on the day, with financials among the drags, as traders positioned ahead of the monthly CPI release due Wednesday.