Mortgage News

Rate rise almost a dead cert

Monday 25th of October 2004

Wholesale interest rate markets are fully pricing in a rate hike and economists agree that the Reserve Bank will raise its Official Cash Rate (OCR) from 6.25% to 6.5%.

Some economists see the risk of an even bigger hike along with further increases down the track. Macquarie Bank’s economists see a risk that the central bank may think the economy...

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