Rate cut picked for Thursday
Both economists and the wholesale interest rates market are convinced the Reserve Bank will cut its Official Cash Rate (OCR) again at its next review on Thursday.
Tuesday, July 22nd 2003, 4:23AM
by The Landlord
The market has already anticipated a 25 point cut this week with the 90-day bank bills trading at 5.07% on Friday. It is less certain about future cuts with both the September and December 90-day bank bill futures implying a 4.95% physical rate by those dates.
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