
Mortgage News
Rate cut coming - but how big?
Monday 2nd of June 2003
The wholesale interest rates market has well and truly jumped the gun as far as anticipating the Reserve Bank’s decision on Thursday on where to put its Official Cash Rate (OCR).
Although the OCR is currently 5.5%, the 90-day bank bills ended last week at 5.25%, suggesting market participants expect the OCR to be cut to at least that level. In late April,...
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