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Economists predicts rates to be held
Monday 4th of June 2007
Of the 16 economists surveyed by Reuters, only three are expecting Bollard to raise his official cash rate (OCR) from its current 7.75% level and the rest expect him to hold at that level.However, the wholesale markets are pricing in a slightly better than even chance of a rate rise.
Stephen Toplis, an economist at Bank of New Zealand, is one of those picking a rate hike, despite th...
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