
Mortgage News
Rate cut picked for Thursday
Monday 21st of July 2003
The central bank has cut the OCR twice already since late April from 5.75% to 5.25%.A Reuters poll of 15 economists shows all are expecting a cut with a 70% chance of it being 25 basis points and a 20% chance of it being 50 points. Eight of them expect a further rate cut at the next monetary policy statement on 4 September.
The market has already anticipated a 25 point cut this week with...
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