Update 20/11/02 Official Cash Rate remains unchanged at 5.75% Nobody expects the Reserve Bank to do anything to interest rates this week when it releases its latest quarterly Monetary Policy Statement. Bloomberg’s survey of 12 economists found none expect any change.
The central bank last raised the OCR in July and has lifted it from 4.75% to 5.75% so far this year.
Sunday, November 17th 2002, 11:42PM
by The Landlord
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While previously some economists had been expecting at least one more rate rise, the global economy has deteriorated sufficiently for most to rule this out. That’s even though the domestic economy is somewhat stronger than previously expected.
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